The Insightful Leader
Insight Unpacked S2E2 | The Power of the Physician's Pen
Jul 1, 2024
Kellogg professors Craig Garthwaite, David Dranove, and Paul Campbell discuss the role of doctors in the expensive American healthcare system. Topics include ethical dilemmas in medicine, physician billing practices, challenges faced by physicians, and defending the practice of medicine.
31:10
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Quick takeaways
- Doctors' financial incentives impact treatment decisions and healthcare costs.
- Physicians face challenges balancing cost considerations with quality care delivery in the healthcare system.
Deep dives
Evolution of Medical Practices: From Dr. Marcus Welby to Modern Day Physicians
In the 1960s and 70s, medical care was characterized by the ideal family practice doctor like Marcus Welby, providing holistic care and spending significant time with patients. This era depicted the primary care physician as selfless and involved in all aspects of patient care, from referrals to hospital visits. However, today's medical landscape contrasts starkly, with doctors facing time constraints and being absorbed by corporate healthcare entities.
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