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Physician Agency

This document explores the intricate relationships between physicians, patients, and the agency model in healthcare. It delves into topics such as asymmetric information, the types of market competition (monopolistic and perfect) affecting physician services, and price discrimination versus cost shifting. The concept of physician altruism and induced demand is also discussed, alongside the implications of reimbursement methods, including capitation and the impact of defensive medicine on medical malpractice insurance trends.

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Physician Agency

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  1. Physician Agency

  2. Introduction • Asymmetric Information • Prinicpals (Patients) • Agents (Physicians) • Perfect versus imperfect agency. • If you could know everything the doctor knows, what would you do?

  3. Market For Physician Services • Monopolistic Competition

  4. Market For Physician Services • Price Discrimination versus Cost Shifting • http://www.thehealthcareblog.com/the_health_care_blog/2009/08/the-health-care-cost-shifting-myth.html

  5. Market For Physician Services • Physician Altruism

  6. Physicians as Quantity Setters

  7. Physician Induced Demand • evidence

  8. Physician Behavior in Age of Managed Care • Reimbursement Methods • Capitation based pay • Salary and • Revenue sharing

  9. Medical Malpractice • Defensive Medicine

  10. Trends in Premiums for Physicians' Medical Malpractice Insurance, by Type of Physician, 1993 to 2002

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