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And Modernization Act of 2003; No-Interference Clause; American Medical Association (AMA); Corporate Practice of Medicine Doctrine; GDP; Patient Protection and Affordable Care Act (ACA); Adverse Selection; Rising Overhead Costs; International Classificationn of Diseases (ICD); Electronic Health Records (EHR); Department of Health and Human Services; Negotiating Drug Prices
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Full-Text Articles in Law
The Death Of Private Practice: How The Rising Cost Of Healthcare Is Destroying Physician Autonomy, Oliver Owaid
The Death Of Private Practice: How The Rising Cost Of Healthcare Is Destroying Physician Autonomy, Oliver Owaid
Brooklyn Journal of Corporate, Financial & Commercial Law
Over the past two decades, the number of physicians in private practice has dropped dramatically. This trend is the result of the financial pressure imposed by the federal government in response to the skyrocketing cost of healthcare. Physicians, frustrated by stagnant reimbursement rates in conjunction with increased administrative costs and overhead, are choosing hospital staff employment in favor of private practice. This trend is to the detriment of the physician, the taxpayers, and, most importantly, the patients. Patients treated in hospital outpatient settings have worse outcomes than those treated in private practice. In addition, hospital procedures cost both the government …