Pediatricians are charged with a crucial role in safeguarding the health of children by providing necessary medical care when needed as well as providing parents with sound and unbiased advice when it comes to the health of their children.
While the primary motivation for healthcare professionals should be the well-being of their patients, it's essential to understand the financial incentives that may influence their decisions. This article explores the various financial incentives for pediatricians, focusing on bonuses from insurance companies and payouts from pharmaceutical companies.
Insurance Companies and Bonuses:
Pediatricians often work in a system where insurance reimbursement is a significant part of their income. Insurance companies incentivize healthcare providers to adhere to certain guidelines and standards of care, including the administration of medications and vaccines. In this context, bonuses are offered to pediatricians who meet specific performance metrics related to patient care.
Quality Metrics:
Insurance companies may establish quality metrics that pediatricians need to achieve to receive bonuses. These metrics can include the percentage of patients who receive recommended vaccinations, adherence to clinical guidelines, and successful management of chronic conditions. Pediatricians who meet or go above the guidelines in these areas are often rewarded with financial bonuses.
Preventive Care Incentives:
Insurance companies recognize the value of “preventive care”, including vaccinations, in reducing long-term healthcare costs. Pediatricians are encouraged to prioritize preventive measures, such as timely vaccinations, as this aligns with the goal of allopathic medicine and pharmaceutical companies. It’s nothing more than making customers for life under the guise of minimizing future medical expenses. Bonuses are often tied to the overall success of preventive care measures within a pediatric practice.
The Proof
"Doctors have been finacially incentived to vaccinate children for a very long time, “ wrote osteopathic physician Dr. Joseph Mercola.
“In 2016, Blue Cross Blue Shield paid pedicatricians a $400 bonus for each patient that completed ten vaccinations before their second birthday, provided 63% of thier patients were fully vaccinated.”
“A family physician with. athousand-patient practice could earn well over a $100,000 year-end bonus just from pushing vacines on children. So that’s not pocket change”
See the full document below. The information covered above is found on page 15.
How Much Does Your Doctor Make From Vaccines - Children’s Health Defense
Pharmaceutical Company Payouts:
Pharmaceutical companies also play a role in the financial landscape of pediatric medicine. These companies may offer pediatricians financial incentives to promote and administer specific medications and vaccines.
Speaker Fees and Honoraria:
Pharmaceutical companies often engage healthcare professionals, including pediatricians, as speakers for educational events and conferences. These events may focus on presenting the latest research findings, discussing treatment options, and raising awareness about certain medications and vaccines. Pediatricians who participate in such events may receive speaker fees and honoraria from pharmaceutical companies.
Research Collaborations:
Pediatricians involved in research collaborations with pharmaceutical companies may receive funding for conducting clinical trials or participating in studies related to new medications and vaccines. While this can contribute to advancing medical knowledge, it also represents a financial incentive for pediatricians to be involved in specific pharmaceutical initiatives.
The Proof
Drug-Company Payments Mirror Doctors' Brand-Name Prescribing
Informative article proving Doctors take money from pharmaceutical companies and that it ties to their prescribing methods.
How Much Money Has Your Doctor Received from Drug Companies - ProPublica - Dollars for Docs
Public source website that allows you to search your doctor and see how much they have been paid by drug companies.
Connecting the Dots
The financial landscape for pediatricians involves a complex interplay of incentives from insurance companies and pharmaceutical entities. While these financial incentives can contribute to the overall income of pediatricians, it's crucial to emphasize that these incentives also drive their decision making when it comes to the heath care of children.
Are they working to find the root cause? Are they trying every option available that doesn’t involve a number of chemicals that don’t belong in the body that come with a laundry list of side effects? These are questions we need to ask when it comes to our children.
Transparency in financial relationships and adherence to professional guidelines are essential to maintaining the trust between healthcare providers and the families they serve.
When it comes to your child’s health, you know what’s best. Do your research and don’t outsource it to someone being paid to make a life long customer out of your child. Tread lightly.
I am really enjoying perusing your articles, Kenneth. You present a great variety of information in easy-to-understand terms. The length of your articles is perfect for busy parents who need succinct and well-documented information to help them make informed choices about healthcare. Thank you for your important work.