The annual Shkreli Awards, recognizing the worst examples of profiteering and dysfunction in healthcare, have revealed several shocking cases of abuse and exploitation.
The winners of the annual Shkreli Awards, named after notorious 'pharma bro' Martin Shkreli and given to the 10 'worst examples of profiteering and dysfunction in healthcare,' include a Texas medical school that sold body parts of deceased people without relatives' consent, an alleged multibillion-dollar catheter scam, an oncologist who subjected patients to unnecessary cancer treatments, and a 'monster monopoly' insurer.
The Shkreli Awards, now in their eighth year, are given annually by the Lown Institute, a Massachusetts-based think tank advocating bold ideas for a just and caring system for health. A panel of 20 expert judges—who include physicians, professors, activists, and others—determine the winners. This year's awardees are: 10: The University of North Texas Health Science Center dissected and distributed unclaimed bodies without properly seeking consent from the deceased or their families and supplied the parts to medical students as well as major for-profit ventures like Medtronic and Johnson & Johnson, reporting revealed. 9: Baby tongue-tie cutting procedures are being touted as a cure for everything from breastfeeding difficulties to sleep apnea, scoliosis, and even constipation—despite any conclusive evidence that the procedure is effective. 8: Zynex Medical is a company facing scrutiny for its billing practices related to nerve stimulation devices used for pain management. 7: Insurance giant Cigna is under fire for billing a family nearly $100,000 for an infant's medevac flight. 6: Seven suppliers allegedly ran a multibillion-dollar urinary catheter billing scam that affected hundreds of thousands of Medicare patients. 5: Memorial Medical Center in Las Cruces, New Mexico allegedly refused cancer treatment to patients or demanding upfront payments, even from those with insurance. 4: Dr. Thomas
HEALTHCARE PROFITEERING ABUSE INSURANCE SCAM
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