Corrupt Group Purchasing Organizations Raise Costs for Consumers

THE MCCULLOUGH REPORT

Dr. Peter McCullough

Medicine, Society & Culture, Health & Fitness, News

4.7 • 2.4K Ratings

🗓️ 23 May 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

GPOs use tactics to squeeze out small suppliers of medications and intentionally create drug shortages of commonly used generic agents in order to replace them on the formulary with more expensive options. Since GPOs make a percentage of the sale of products, their overall revenues increase with these manufactured drug shortages...

Transcript

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0:00.0	Music
0:08.0	Hard-hitting medical truth, cutting through conflict and confusion to the understanding you're searching for.
0:15.0	Join Dr. Peter McCullough, World-renowned medical expert and practicing physician for this edition of the McCullough Report.
0:24.0	Your life may depend on it.
0:27.0	Music
0:31.0	Let's get real, let's get loud.
0:33.0	And on America, loud talk radio.
0:34.0	This is the McCullough Report.
0:35.0	And I'm Dr. Peter McCullough.
0:36.0	It's a great pleasure to welcome Michael Levison to this show.
0:40.0	Michael received his bachelor's degree from Bowling Green University in Ohio and then went on to Pittsburgh and trained in clinical diatetics.
0:50.0	He moved up the ranks in healthcare administration and now he's a consultant and really an expert in group purchasing organizations, GPOs.
1:01.0	And I called him to the show to help explain to us what a group purchasing organization is.
1:07.0	How does the supply chain, all the things that hospitals and affiliated clinics use?
1:13.0	How does that work and how does that impact us as the consumers?
1:17.0	That is doctors, nurses, patients.
1:20.0	Michael, welcome to the McCullough Report.
1:22.0	Yeah, thank you, Dr.
1:24.0	Well, why don't you take it from here?
1:26.0	Tell us about what you do and particularly how this works in terms of a group purchasing organization.
1:37.0	If a hospital needs some IV bags or tubing, you know, how do they actually manage all the supplies that they get?
1:48.0	Well, Dr. What I spent a good portion of my career in the medical device market 15 years to be clear at St. Jude Medical selling cardiac pacemakers in defibrillator.
	...

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