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Actually, it's not just naïve pre-meds who fear that the profit motive does interfere with giving quality care. Every doctor knows other physicians who practice in a fashion more conducive towards lining their pockets then patient care. I know surgeons that perform near-sham multiple-staged procedures when one good procedure would suffice for extra $$$ (with extra risk for the patient). I know medical sub specialists who run a consulting service of nearly 100 patients (guess how much individual care they get). I know doctors who perform outmoded or unindicated treatments due to better reimbursement or to monetize capital expenses.
These people infuriate me, because most doctors I know strive to provide excellent care to their patients while also caring about their bottom line (though often making monetary sacrifices for patient care). As you point out, the two aren't mutually exclusive, but it's a matter of making profit incentives align with patient care incentives. But guess what?? The government is trying to impose more "pay-for-quality," systems, and it sucks. It turns out it is really da** hard to measure quality and tie payments to it, because so much of how our patients do depends more on the patient then on us. So in the meantime, I will continue to worry about physicians obsessed first and foremost with money, as they will end up making conditions and regulations much more onerous for the rest of us who want to provide great care while earning a good living.
This post nails it in ways I could never explain.