Licensure requirements give physicians a monopoly privilege to practice medicine. As such, they have certain responsibilities and obligations. True False
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- Perdict how fast the pharmaceutical industry will respond to a common health problem verses an extremely rare disease.What effects would joining a MCO have on your clinic regarding staffing, patient volume, and financial stability?What policies and procedures should be used by the MCOs to reduce costs for their clientele?Use supply and demand concepts to explain why the American Medical Association finds it beneficial to require more strict standards for entrance to medical schools
- In some countries, such as Canada and UK, direct-to-consumer (DTC) advertising for pharmaceutical products is illegal or tightly controlled. Which of the following is NOT a reason why DTC is tightly controlled? DTC have the potential to drive up spending on drugs and exacerbate moral hazard. DTC makes patients aware of new remedies. DTC can put a strain on doctor-patient relationship when patients demand some drugs that are not necessary or not the best options. Asymmetric information: consumers are not in a good position to determine if a drug is what they need.There have been shifts in policy regarding the regulation of managed care organizations intended to protect the consumer from rationed care. Are current regulations working or are they adding to already too much regulation and associated cost of providing healthcare in the U.S.?How does its structure, conduct, and performance of the pharmaceutical industry impact patients?
- The Stark laws (1989 and 1993) ban physicians from referring patients to facilities in which the physician has a financial interest, such as a specialty hospital, radiation lab, or clinical lab. The Stark laws address: the problem of adverse selection. the high standards imposed on the agency relationship between physician and patient. moral hazard on the part of doctors. induced demand by physicians. unethical behavior by patients.Which two phenomena relate to physicians overprescribing treatment? Select 2 correct answer(s) defensive medicine Efficient discrimination physician induced demandTrue or false and explain State policies that mandated the release of physician report cards were greatly beneficial to consumers by allowing them to more efficiently search for high quality surgeons.