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Physician Agency. Introduction. Asymmetric Information Prinicpals (Patients) Agents (Physicians) Perfect versus imperfect agency. If you could know everything the doctor knows, what would you do?. Market For Physician Services. Monopolistic Competition. Market For Physician Services.
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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?
Market For Physician Services • Monopolistic Competition
Market For Physician Services • Price Discrimination versus Cost Shifting • http://www.thehealthcareblog.com/the_health_care_blog/2009/08/the-health-care-cost-shifting-myth.html
Market For Physician Services • Physician Altruism
Physician Induced Demand • evidence
Physician Behavior in Age of Managed Care • Reimbursement Methods • Capitation based pay • Salary and • Revenue sharing
Medical Malpractice • Defensive Medicine
Trends in Premiums for Physicians' Medical Malpractice Insurance, by Type of Physician, 1993 to 2002