Login  |  Register     
 
      Thursday, August 28, 2008     
 
 
     
  On Trusting Doctors  
     
  By Greg Kelly  
  Published on December 30, 2007  
     
    |   [ [ Email ] - [ Print ]  
 
 
 

“I never had a policy; I have just tried to do my very best each and every day. “
—Abraham Lincoln

I’m very dubious about the recent push for formal disclosure of gifts from pharmaceutical companies to America’s physicians. Like most people, I trust doctors to be professionals—consistently doing the right thing.

Under proposed federal legislation, drug companies with $100 million+ in annual revenues would be required to file quarterly reports detailing all gifts of $25 or more to doctors. The info would then be posted publicly at the HHS web site. Right, that’s what medicine needs—more bureaucracy.

In their current form, the most common “gifts” are food and beverages for the doctors’ offices, free drug samples, and reimbursement for costs from professional meetings and CME. While I’m willing to concede that groups backing this plan are acting in good faith, I think it's unnecessary. There are bigger problems in medicine to address. Conscientious doctors can’t be bought for $25 (or for any price). I find that benchmark insulting to the medical profession.

A Harris Poll from last year found that more than 90% of Americans trust doctors to give them unbiased advice. Ranking well below doctors in the survey were stockbrokers, real estate agents, mechanics, lawyers and bankers (where's the gift-lists from those groups?). Another 2006 Harris Poll found that doctors are the nation’s most trusted profession—with 85% of Americans saying they tell the truth (teachers were second).

At the end of the day, I realize that pharmaceutical company marketers still must reach physicians—consistently educating and informing them about their products. That won’t change. Despite the transformations occurring in the healthcare system, doctors will remain the major patient gatekeeper, deciding which drugs and treatments are prescribed. I'm comfortable with that. And ongoing reports show that doctors aren’t going away—2007 saw a record increase in medical school enrollment.

I maintain that the vast majority of doctors always put the interests of their patients (and by extension their professional reputation) before any gift that get from pharma companies. I’d like to hear you thoughts, doctors.

94%Percentage of US physicians who accept payments or gifts from the pharmaceutical industry.
(National Physicians Alliance, 2007)

 
     
 
 
Comments

Please login to leave a comment.
 
 
 
 
  About Greg Kelly  
     
 

Mike Hennessy is the Chairman and CEO of MJH & Associates, parent company of Intellisphere, LLC. Hennessy is the former publisher of Practical Cardiology, Internal Medicine World Report, Geriatric Medicine Today, Infectious Disease News, Clinical Geriatrics, The Annals of Long-Term Care, Home Healthcare Consultant, Healthcare Business Digest, and Physicians’ Money Digest.

Hennessy’s current portfolio includes the award-winning MDNG series of journals, Pharmacy Times, and The American Journal of Managed Care. Collectively, these publications reach more than 500,000 healthcare professionals in print and online. Hennessy was recently named as one of the PharmaVOICE 100 Most Inspiring People in the Life Sciences Industry.
 
     
 
  More from author  
     
 
Healthcare Insurers: Who's Best at Paying MDs
A Peek Inside Dr. Bernstein's Mind
Retirement Investing—Put it on Auto Pilot
Medicine & Business—Doctors Do Excel
Of Doctors and Horses
Doctoring in All Sorts of Ways ...
How About Your Own Private Island?
Rule #1 of Wealth Creation: Pay Yourself First
Tired of Being a Tax “Donor” State
Doc Kelly’s Rules for Stress Busting
Medicare MD Pay Cuts Coming Home to Roost
College Costs—Know Your Numbers
We Miss You Dad … Very Much
Discover the Wealth Formula
William F. Buckley, Jr. — RIP
Got the Picture, Doc?
Doctor Learned Empathy the Hard Way
What Are the Ways to Wealth?
Doctor Guided by Love & Determination
$ Happiness: Little Things Mean a Lot
Change is the Price of Survival
America's Doctors Must Find Balance
Mountain Climbing: The Cost of Life
Hanging Up the Stethoscope?
Still Need You, Doctor
The “Skill” of Warren Buffett
The School of Hard Knocks
On Trusting Doctors