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Essay / Research Paper Abstract
In this three page paper the author first defines and then explores the reasons behind physician induced demand. Two examples from obstretics are provided. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: AM2_PPmedDmnd.rtf
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Unformatted sample text from the term paper:
The theory of physician induced demand has concerned economists, medical professionals, and the general
public for decades. Noguchi, Shimizutani, and Masuda (2005) clarify that physician induced demand (PID) occurs because of the ability of physicians to take advantage of the:
"information asymmetry between supply and demand to stimulate demand for their products"
In other words, this theory envisions physicians using their knowledge of medicine to portray one treatment or drug as being advantageous
to another when that might or might not actually be the case. The converse of this, of course, is physicians who recommend a particular procedure or treatment path and
who are then turned down by insurance companies who refuse to pay for that approach. While, as will be discussed later,
there are other factors that might result in physician induced demand; in most cases monetary factors are among the most weighty influence on physician induced demand. Turcotte, Robst and
Polachek (2005) observe the relationship that exists between the cost of a service and the money received by the physician for that service. More specifically, when payment made to
a physician exceeds the marginal cost of a particular service, there is a propensity for that physician to "provide care in excess of what a perfectly informed patient would desire"
(Turcotte, Robst and Polachek, 2005, 1513). Payment structure could obviously influence this relationship. Managed care insurance plans might result in more of one type of procedure or treatment
...