What is the name of the US law that requires manufacturers to report transfers of value to physicians and teaching hospitals?

The correct answer is the Sunshine Act. This law, officially known as the Physician Payment Sunshine Act, is part of the Affordable Care Act and mandates that manufacturers of drugs, devices, and biologics disclose any payments or transfers of value they provide to physicians and teaching hospitals. This requirement promotes transparency related to financial relationships between healthcare providers and industry, allowing for better public awareness of potential conflicts of interest.

The Sunshine Act is significant as it helps foster accountability and trust in healthcare practices by enabling patients and the public to see how financial relationships may influence medical practice. This transparency aims to reduce unethical practices and improve the integrity of the healthcare system.

The other laws mentioned do not have the same focus on reporting transfers of value to physicians. The Transparency Act does not specifically address these requirements, the Medicare Modernization Act focuses on changes to Medicare benefit structures and prescription drug coverage, and the Health Insurance Portability Act primarily deals with protecting patients’ health information and ensuring the confidentiality of medical records. Each of these laws has its distinct purpose, underscoring the importance of accurate identification of legislative measures related to healthcare ethics and practices.