Preview

Economics In Marty Makary's Unaccountable

Good Essays
Open Document
Open Document
922 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economics In Marty Makary's Unaccountable
The focus area I have chosen for the book Unaccountable, by Marty Makary, is advocacy in economics. It is important for nurses to be aware of healthcare economics, especially since we are the ones at the bedside informing patients, answering their questions, and advocating for their rights. As the American Nurses Association (ANA) states in Provision 3 of their Code of Ethics, nurses must be aware of and act appropriately in all instances of “incompetent, unethical, illegal or impaired practice,” or any actions that place the best interests or rights of the patient in jeopardy (ANA, 2015). I chose to focus on economics because the costs of healthcare constitute one sixth of our economy and is increasingly becoming a burden on families, businesses and government budgets to the extent that it is the leading cause of the nation’s growing debt (Makary, 2012). An …show more content…
The physicians are compensated for each procedure that they do, regardless of whether it is necessary or beneficial, so they want to do more procedures to make more money (Weisberg, 2012). The other driving factors of delivery of care include commission on certain drugs, such as chemotherapy. Makary explained that most chemotherapy medications are only sold at hospitals, so the doctor and the hospital make “thousands more in income” if a patient chooses that drug. This is incentive for the hospital and the doctor to push the drug on patients who may have other options. Lastly, some doctors are given incentives if they increase their number of procedures. The book gave one example of a surgeon who was told by his department head to try and do more operations, as his “productivity” would be used to determine his bonus (Makary, 2012). All of these factors switch the focus of delivery of care away from safe and good quality care for patients to whatever will increase

You May Also Find These Documents Helpful

  • Better Essays

    A. It seems that recently, the healthcare system has been placing labels on the values of lives. Doctors, hospitals, and pharmaceutical companies are separating patients on the sole bases of their finances. In these situations, individuals with health insurance are receiving priority care over those without health insurance. Doctors and hospitals are increasing waiting times of those without insurance, to take advantage of those with insurance. In addition to doubled-waiting times, these uninsured patients are even forced to take lower grades of medication. This isn’t only unfair, but inhumane, displaying the belief that these charity care patients’ lives aren’t as valuable as those with insurance. These actions seem ironic in a nation that believes in equal rights. Placing a price or level of importance on a human being’s life is heartless, greedy, and hypocritical. To reckon the significance of a person’s life due to their ability to pay hospital their medical bills…(to be continued).…

    • 2280 Words
    • 10 Pages
    Better Essays
  • Good Essays

    No one knows when disease will strike, care outcomes, and the quality of treatment. Proper information is mandatory in health care decision making, because without it, greater severities can occur. There is also the issue of physicians and hospitals receiving payment for their services rather than the quality of care they provide. A hospital may be paid for a surgery on a patient with an ACL tear, but if that surgery goes wrong and they’re paid again for another procedure, than there is something terribly wrong. This example reminds me of the documentary Escape Fire: The Fight to Rescue American Healthcare. One aspect of the documentary sheds light on how primary care physicians are the most underpaid physicians in medicine today. Primary care physicians are the first responders when a patient is sick or is concerned about his or her health, so why is it that they are the most underpaid in the health care community? Physicians have a moral obligation to provide the best possible care they can and they are obligated to treat the whole patient. If physicians carry the attitude of being as productive as possible in order to get paid more by Medicare and Medicaid, then patients will not receive the quality of care they deserve. Herzlinger’s book is one that has opened my eyes to the corruption and almost evilness of our current healthcare system, and has allowed me to think critically about how I can contribute to health care reform. I exclaim that it is a must read for anyone interested in the improvement of the quality and efficiency of our health care…

    • 653 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The United States has the opportunity to transform its health care system, and nurses can and should play a fundamental role in this transformation. However, the power to improve the current regulatory, business, and organizational conditions does not rest solely with nurses; government, businesses, health care organizations, professional associations, and the insurance industry all must play a role. Working…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Escape Fire Analysis

    • 952 Words
    • 4 Pages

    Many times, doctors order medical procedures and drugs without thinking twice about the need. For example, Yvonne Osborn complained of severe chest pain which led to a heart attack. In a few years, she underwent twenty-seven cardiac catheterizations and over seven heart stents. When Yvonne turned to Cleveland Clinic as her last resort, Dr. Leslie Cho concluded that prior control of Yvonne’s diabetes, blood pressure, and cholesterol would have eliminated many catheterizations and stents. Lack of communication between the physician and the patient permitted financial gains for the doctor(s) who performed the surgical procedures for Yvonne. The physical and emotional distress Yvonne endured is far more important than the combined cost of care over the years of $1.5 million. Dr. Cho states, “But it’s more than the costs. It’s just so much more than the money. The psychological trauma of every one of those multiple cardiac catheterizations…every time she had a chest pain coming into the ER…And unfortunately, there are lots of Yvonnes out there” (Escape Fire). Dr. Cho is absolutely right. The body can only handle so much strain, and if unnecessary procedures are preventable, then financial incentives should not drive potential harm to the…

    • 952 Words
    • 4 Pages
    Good Essays
  • Better Essays

    IOM Report Nursing

    • 1395 Words
    • 6 Pages

    The 2010 Affordable Care Act (ACA) is the largest healthcare transformation since the development of the Medicare and Medicaid programs in 1965. One of the big issues is how the health care system will care for the additional 32 million people that will have access to health care under this legislation. The Nursing profession is the largest group of the nation’s healthcare workforce and can play a vital role in meeting the demands of our evolving healthcare system (Robert Wood Johnson Foundation [RWJF], 2011). In response to…

    • 1395 Words
    • 6 Pages
    Better Essays
  • Good Essays

    NSG 4064 Piehl K

    • 659 Words
    • 2 Pages

    As healthcare evolved many years ago, so did the rising costs of providing it and this is how a need for insurance coverage arose in order to offset some of the expenses. Nurses today have greater accountability for an organization’s financial success. The hospital I work for is an acute inpatient rehabilitation facility. One issue that affects the position I work in is that of the large number of patients that do not have healthcare insurance but need to be admitted to our hospital.…

    • 659 Words
    • 2 Pages
    Good Essays
  • Better Essays

    This economic investment from the government can help address the nursing shortages experienced throughout the United States. The New York state nursing shortage correction act, attempts to increase funding to nursing educational facilities by providing funding to educational institutions, expansion of nursing faculty, creation of simulation labs for new and existing nursing programs, broaden clinical and academic partnerships, increase availability of Internet based learning, and provide incentives for retiring nurses to continue working (S. 2270, 2013). These funds are collected through state and federal taxes. It is everyone’s responsibility to contribute as we all use and benefit from the health care system. The inclusion of lay people also ensures they are aware of issues within the health care system and can participate in the solution creating…

    • 1385 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    As the population grows, physicians will not be able to perform at a competent level and provide complete patient care without a substantial number of nurses. Reliance on nurses is necessary to reform the health care system. Barriers such as regultatory restrictions regarding scope of practice, professional resistance by physicians, and insurance company reimbursment pactices hinder RN’s and Advanced Practice Nurse’s from practicing to the full extent of their education and compromise patient outcomes (Richard Ridge, 2011). Autonomy is an issue in some states regarding APN’s role. Some states require physician oversight to diagnose, treat, prescribe, or make referrals. Compensation for services is also an concern. Independent insurance providers, Medicaid, and Medicare compensate APN’s at reduced rates or not at all and may not cover prescribed prescriptions unless a physician signs off. Professional resistance is also an problem. The Scope of Practice Partnership lobbies against state expansion of the APN’s role stating they lack medical education, clinical knowledge and cognitive and technical skills which are acquired only in medical school ( IOM, 2011). These restrictions make it difficult to meet the demands of patient care. Outdated insurance practices also pose an obstacle by restricting insurance reimbursement to APN’s. Some…

    • 1140 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    benefits are not applied fairly (Espeland, 2006). When a nurse’s hard work goes unnoticed and…

    • 822 Words
    • 4 Pages
    Good Essays
  • Good Essays

    When thinking about the United States and their health care delivery system it has been noted for the past two decades that Americans are unhappy with their existing health care systems (Blendon, 2006). This is where the change comes into play. When talking with some colleagues who are registered nurses they all have said we can expect that, in addition to proposed results, there will be unseen stresses and unplanned outcomes occurring as a result of the reform. Some of these unplanned events are expected to slow down nurses ' ability to guarantee quality of care and secure settings for patients. The nursing…

    • 786 Words
    • 4 Pages
    Good Essays
  • Better Essays

    References: Sorrell, J. (2012). Ethics: The Patient Protection and Affordable Care Act: Ethical Perspectives in 21st Century Health Care. The Online Journal of Issues in Nursing Vol. 18 No. 1.…

    • 1568 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Health Law And Regulations

    • 1449 Words
    • 5 Pages

    Shi, L., & Singh, D. A. (2012). Essentials of the US health care system. Jones &…

    • 1449 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Cost containment in the health care industry has become more important through years advances in science, in turn requiring better equipment which requires more funding. Nurses are a huge beneficial asset to containing these costs, with most of their contribution ne on one with…

    • 968 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Healthcare Reform Essay

    • 770 Words
    • 4 Pages

    The rising cost of healthcare in today’s economy is in desperate need of reform. The cost of healthcare has affected the number of people able to receive medical care. Individuals are suffering more than ever because of the inability to receive medical attention when it’s needed.…

    • 770 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Personal Ethics Paper

    • 1104 Words
    • 5 Pages

    Catalano, J. T. (2000). Ethics in nursing. In (Ed.), Nursing now! Today 's issues and tomorrow 's trends (p. ). Philadelphia: Davis.…

    • 1104 Words
    • 5 Pages
    Powerful Essays