Physician Agency

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Physician Agency
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Introduction

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

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Market For Physician Services

• Monopolistic Competition

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Market For Physician Services

• Price Discrimination versus Cost Shifting
• http//www.thehealthcareblog.com/the_health_care_b
  log/2009/08/the-health-care-cost-shifting-myth.htm
  l

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Market For Physician Services

• Physician Altruism

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Physicians as Quantity Setters
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Physician Induced Demand

• evidence

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Physician Behavior in Age of Managed Care

• Reimbursement Methods
• Capitation based pay
• Salary and
• Revenue sharing

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Medical Malpractice

• Defensive Medicine

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