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Conflicts of interest are rampant in the American medical community. Today it is not uncommon for doctors to refer patients to clinics or labs in which they have a financial interest (40% of physicians in Florida invest in medical centers); for hospitals to offer incentives to physicians who refer patients (a practice that can lead to unnecessary hospitalization); or for drug companies to provide lucrative give-aways to entice doctors to use their "brand name" drugs (which are much more expensive than generic drugs).In Medicine, Money and Morals, Marc A. Rodwin draws on his own experience as a health lawyer--and his research in health ethics, law, and policy--to reveal how financial conflicts of interest can and do negatively affect the quality of patient care. He shows that the problem has become worse over the last century and provides many actual examples of how doctors' decisions are influenced by financial considerations. We learn how two California physicians, for example, resumed referrals to Pasadena General Hospital only after the hospital started paying $70 per patient (their referrals grew from 14 in one month to 82 in the next). As Rodwin writes, incentives such as this can inhibit a doctor from taking action when a hospital fails to provide proper service, and may also lead to the unnecessary hospitalization of patients. We also learn of a Wyeth-Ayerst Labs promotion in which physicians who started patients on INDERAL (a drug for high blood pressure, angina, and migraines) received 1000 mileage points on American Airlines for each patient (studies show that promotions such as this have a direct effect on a doctor's choice of drug).Rodwin reveals why the medical community has failed to regulate conflicts of interest: peer review has little authority, state licensing boards are usually ignorant of abuses, and the AMA code of ethics has historically been recommended rather than required. He examines what can be learned from the way society has coped with t
This book investigates the systemic prevalence of financial conflicts of interest within the American medical profession and the resulting impact on patient care. Marc A. Rodwin, a health lawyer and researcher, utilizes historical data, legal analysis, and policy review to argue that current self-regulation mechanisms in medicine are insufficient. He demonstrates how financial incentives, ranging from referral kickbacks to pharmaceutical marketing, compromise clinical judgment and inflate healthcare costs.
What You Will Find
Experts recognize this work as a foundational text for understanding the intersection of medical ethics and healthcare economics. Readers frequently note the clarity of the author's legal analysis and the sobering nature of the documented abuses within the American healthcare system.
Page Count:
432
Publication Date:
1993-05-13
Publisher:
Oxford University Press
ISBN-10:
0195080963
ISBN-13:
9780195080964
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