Proposed solutions to combat conflicts of interest, Operation Management

Assignment Help:

Three major solutions have been proposed to combat the medical industry conflicts of interest detailed above in this paper. The first solution is embodied in the Physician Payments Sunshine Act of 2008, which was introduced on March 13, 2008, and requires companies manufacturing drugs, medical devices or medical supplies to make quarterly reports to the Secretary of Health and Human Services detailing payments made to physicians or their employers, and prohibits tax deductions for advertising, promotion or marketing expenses for any payments not disclosed. The reported information, in turn, will be published in the federal registry permitting patients and consumers the opportunity to learn about medical industry conflicts of interest, and thereby augmenting transparency and accountability for the various payments made to physicians.

The second proposed solution is the creation of a National Institute of Drug Testing (NIDT). The principal justifications advanced for this proposal are threefold:

(1) "endemic" conflicts of interest in the system of drug evaluation have "been exacerbated by the rise in for- profit clinical trials, fast-tracking of drug approvals, government-industry partnerships, direct consumer advertising, and industry-funded salaries for FDA regulators,"

(2) "those who manufacture and market products should not have undue influence and control over how the product is evaluated," and

(3) the concept of "independent science" should be reintroduced in drug testing to "prevent even the appearance of conflict of interest."

The third proposal is the far more comprehensive policy developed by the American Medical Association and aimed at academic medical centers. In issuing its proposed policy, the AMA noted that the "standing of the profession, as much as the integrity of the pharmaceutical and medical device industries, is jeopardized by allowing obvious conflicts to continue," and that academic medical centers "must more strongly regulate, and some cases prohibit, many common practices that constitute conflicts of interest with drug and medical device companies." The AMA preliminarily emphasized that a wide range of psychological, sociological, and economic research demonstrates that even small gifts significantly influence physicians' behavior and that public disclosure of conflicts of interest alone is insufficient to satisfy the need to protect the interests of patients.


Related Discussions:- Proposed solutions to combat conflicts of interest

Advantages of a fixed position layout, Advantages of a Fixed Position Layou...

Advantages of a Fixed Position Layout Men and machines can be used for wide variety of operations producing different products. The investment on layout is very

Explain exempt and non-exempt employees, Differentiate between (1) exempt a...

Differentiate between (1) exempt and non-exempt employees and (2) line and staff employees.

Explain income levels and income distribution among nations, How do differe...

How do differences in income levels and income distribution among nations affect international businesses?

Why might a probabilistic estimate, Why might a probabilistic estimate of t...

Why might a probabilistic estimate of the project completion time base solely on the variance of the critical path be misleading? Under what circumstances would it be acceptable?

Explain ethical dilemma, Ethical Dilemma CRM: Targeting or Discriminating? ...

Ethical Dilemma CRM: Targeting or Discriminating? Are they ethical? Why or why not.

Explain what is the maximum revenue with a single shift, Given the followin...

Given the following data for Albert's fabricating production area: Fixed costs for one shift = $60,000 Unit variable cost = $7 Selling price = $12 Number of machines = 5 Number of

Explain managers and supervisors need to have knowledge, Why do all manager...

Why do all managers and supervisors need to have knowledge and skills related to Human Resource management?

Location decisions, what are the factors to be considered when making locat...

what are the factors to be considered when making location decisions

I am student can anyone help, I was previously on student of fortune. Can a...

I was previously on student of fortune. Can anyone help?

Explain job design be used to create a motivated workforce, How can job des...

How can job design be used to create a more motivated workforce? Be specific.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd