Smart doctors doing stupid and evil things

Spfahey writes:
To continue with the theme of “smart people doing stupid things”, earlier this week more than one dozen doctors were charged in an alleged kickback scheme. The illegal payments ranged from $200 to $5,000. Once again, we have to wonder why these doctors would potentially risk their careers over what is most likely an insignificant amount of money in their lives. 
The rising cost of healthcare is something that has been in the spotlight for the last few years and these are the types of illegal transactions that need to rooted out. The referrals were mostly for Medicaid and Medicare patients. 
One of the problems identifying these types of transactions is that you can not compare the Medicare and Medicaid populations against the private insurance population due to the nature of the fact that the older generation that qualify for Medicare as well as the sick population that would qualify for Medicaid would naturally make them use more healthcare. Using under cover investigations does seem like a good way to root out some of the problems. 
Doctors are one of the most trusted professions in America according to a 2010 Gallup poll. It is a shame that even among the most trusted groups of people, we really can’t trust anyone.  

About Mark P. Holtzman

Chair of Accounting Department at Seton Hall University. PhD from The University of Texas at Austin. Worked at Deloitte's New York Office. BSBA from Hofstra University.

One comment

  1. We can all agree with the Gallup poll that doctors are indeed trusted by all of us. The average Joe believes his/her doctor and for the most part follow their instructions. Why? because we love life and want to live. So, for one in this profession, betraying this trust and acting this unethical for such a meager kickback makes no sense. Really! The average doctor makes 6 digit income. It's foolish and a gross show of poor judgement to go this route. Shame on them!!

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