Proposed solutions to combat conflicts of interest, Operation Management

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.

Posted Date: 2/26/2013 6:45:39 AM | Location : United States







Related Discussions:- Proposed solutions to combat conflicts of interest, Assignment Help, Ask Question on Proposed solutions to combat conflicts of interest, Get Answer, Expert's Help, Proposed solutions to combat conflicts of interest Discussions

Write discussion on Proposed solutions to combat conflicts of interest
Your posts are moderated
Related Questions
Wang Distributors has an annual demand for an airport metal detector of 1,400 units. The cost of a typical detector to Wang is $400. Carrying cost is estimated to be 20% of the uni

#questiApplying the EBQ1 model, what batch size would you recommend for the babybath (143BB)? How long will each batch take to produce, and how many batches per year will be made?

Creating diverse teams is a challenge. All of the following are important steps to include in a plan for bringing diversity to a team, except: a. The organization should publicly c

Recently the managers for a large retail department store stated that a study has revealed that female shoppers spend on average 23.5 minutes longer in the store per visit than do

1. general procedures for making location decision 2. factors to consider in layout selecgtion

How would you go about developing a risk matrix? Give an example of the kinds of factors that should be evaluated.

In estimating the difference between two population means, if a 95 percent confidence interval includes zero, then we can conclude that there is a 95 percent chance that the differ

Discuss two of the five common reasons that projects crash. Relate your response to a project failure that you have experienced or witnessed

According to a study, the mean price of a gallon of unleaded gasoline in the United States is 4.15. a sample of 25 Chicago area gas station shows the mean price of 4.95. the standa

Characteristics of Batch Production Short Runs: Batch production is characterized by short production runs and frequent changes in set ups. Investment : Needs high in