To hear insurance executives and their right-wing lawmaker handmaidens tell it, as many as 40% of all medical malpractice claims are “frivolous.” It is their argument in favor of “tort reform” and putting caps on malpractice awards.
Essure is a small coil made from the transition metal nickel, designed to be inserted into the Fallopian tubes in order to prevent conception. The device, developed by Bayer subsidiary Conceptus, Inc., was intended to be a less invasive alternative to tubal ligation.
NBC News Asked the Important Question: Why Did Bard Continue Selling a Dangerously Defective Medical Device?
NBC News may be a bit behind the curve, but at least the question has now been posed to the general public. Medical device manufacturer C.R. Bard continued to market and sell a product that was known to be defective, resulting in nearly 30 deaths and hundreds of serious injuries. Furthermore, there is strong evidence that Bard was willing to commit criminal fraud in order to keep the product on the market. The question now being asked is: why?
On December 4, 2015, the U.S. Food and Drug Administration finally updated a safety announcement, first issued the previous May, about the serious side effects of a recently-approved class of diabetic “wonder drugs.” The medications of that class are known as gliflozins, or “sodium-glucose cotransporter-2 (SGLT-2) inhibitors”, the best known being Invokana. The specific side effect addressed in the warning is a condition known as ketoacidosis, in which the blood becomes dangerously acidic.
As if the thousand-and-one forms of abuse that goes on in nursing homes weren't bad enough, ProPublica reports that nursing home workers have been posting “embarrassing and dehumanizing photos” of their patients on social media. The Pulitzer Prize-winning investigative reporting website has revealed 35 instances of “inappropriate social media posts” going back almost four years.
In the wake of what some in the media now call the “diesel dupe,” German automaker Volkswagen AG has retained the services of one of the nation's foremost legal experts in the field of compensation to come up with a plan for handling what could be hundreds of claims over diesel-powered vehicles. Kenneth R.
Less than a month after UBS Puerto Rico was ordered to pay $34 million in order to settle charges of fraud in connection with the sale of Puerto Rico municipal bonds, another giant financial institution has been fined by the Financial Institution Regulatory Authority (FINRA) over nearly identical allegations. Like those at UBS, financial advisers at Banco Santander's Puerto Rico division steered their clients into investments concentrated in high-risk Puerto Rican securities at the same time that said bonds were falling precipitously in value.
On top of numerous recalls involving 11 million vehicles this year alone, Fiat-Chrysler Automobiles (FCA) has been found to be in violation of federal regulations, requiring automakers to report on safety issues with the vehicles they produce to the National Highway Traffic Safety Administration (NHTSA). As a result, the company will wind up paying a fine in the amount of $70 million to the federal government.
While virtually anyone can fall prey to investment fraud carried out through by way of a telemarketing scam, the elderly are the most vulnerable. One of the reasons is because seniors are more likely to have substantial nest eggs, making them a tempting target for scammers. Another reason: the generation that came of age between the early 1930s and around 1950 were often raised to be more polite and trusting.
Public Citizen: “FDA Must Stop Manufacturers' Off-Label Promotion of Dangerous Diabetes Medications”
Janssen Pharmaceutica has allegedly been engaging in illegal marketing tactics for its diabetic medication Invokana – and consumer advocacy organization Public Citizen has called them out on it.
According to auto safety advocates, actual traffic safety is not a big priority in the current transportation bill making its way through Congress. In fact, it's apparently so bad that Senator Richard Blumenthal (D-CT) is calling it “an atrocious assault on safety.” It's also being described as a lobbyist's fondest dream come true. According to the Oregonian, the new transportation bill is lobbyists' “best shot in years at getting policies their clients like or blocking regulations they don't” – meaning that Corporate America is likely to get almost everything it wants.
A review article published this month in the New England Journal of Medicine reports that as many as ten percent of elderly Americans are victims of some type of abuse. It is an issue that has received little attention until recently. Since the issue of elder abuse was first addressed in medical literature forty years ago, studies have revealed “high rates of interpersonal violence and aggression toward older adults,” according to the authors. They also acknowledge that the problem may be worse than reported.
The growing use of forced arbitration has been Corporate America's dirty little secret – until recently. The creation of a private, secretive, parallel system of “justice” (if it can be called that), favoring large corporations over consumers and essentially shielding businesses from any liability or consequences of their behavior, has been an ongoing process for several years.