Money Talk, Paying the Tab, Bottom Line, & Priceless

Money Talk, Paying the Tab, Bottom Line, & Priceless

Money Talk, Paying the Tab, Bottom Line, & Priceless 2121 1414 AEPC Health

Hear it, believe it, repeat it. That’s how information, whether true based on facts,  knowingly false or misleading is shared. There are myths, sometimes referred to as urban legends or old wives’ tales, which are a widely held but false beliefs. These myths are often passed from generation to generation and are assumed to be true because it came from a trusted source, like a parent, grandparent, teacher, or friend. Some common myths are that houseflies only live for 24 hours and bulls become angry when they see the color red. Or the misbelief that swallowed chewing gum stays in your stomach for five to seven years. And of course, there is the myth that if you go outside with wet hair you will catch a cold!

Let’s do a bit of medical myth busting – completely unrelated to COVID-19, vaccines and other fiercely debated topics on social media!

You likely have heard that medical doctors take the Hippocratic Oath upon graduation from medical school – this indeed is not a myth! The Hippocratic Oath (Oath), a pledge to a set of ethics, is named after Hippocrates, the 5th-century Greek physician often credited with its writing. The  Oath has evolved over the years to incorporate modern principles, such as to not use medical science to violate human rights and avoid over treatment. And there is no one single Hippocratic Oath used today in the US. In fact, medical school graduates are increasingly modifying a version of the Oath to incorporate contemporary challenges such as disinformation, and racial justice.

Now on to the big myth – you may wish to “buckle in for this one!” Contrary to popular belief, the original version of the Hippocratic Oath did not contain the phrase “First do no harm.” Many scholars believe that the phrase originated from another of Hippocrates writings where he wrote “The physician must…have two special objects in view with regard to disease, namely, to do good or to do no harm.” Yes, the phrase ‘first do no harm’ makes for a good book or TV series title, heading in a slide presentation, or quip over coffee even though it does not come from the original Hippocratic Oath!

Should the words ‘First Do no Harm’ be included in the version of the Hippocratic Oath taken by all medical school graduates? Certainly that can be debated. What is not debatable are the changes in the structure of physician practices – fewer solo and small practices (of fewer than five physicians). The once independent primary care physician practices are increasingly owned by a hospital or health system, More recently, private equity firms are purchasing specialty physician practices, nursing homes and hospitals. Could this mean a focus on profits over patients? Time will tell!

This Weekend Reading series begins with Money Talk, with articles on current healthcare news, including President Biden’s latest actions to address healthcare costs. Next check out Paying the Tab with a look at emergency room, administration, and Medicare Advantage plan costs. In Bottom Line, explore articles on the impact of healthcare consolidation. Last but not least, do not miss Priceless — and my personal favorite,
Bear 747 Overcomes Scandal to Win Fat Bear Week!

I hope you enjoy the following:

1. Money Talk

2. Paying the Tab

3. Bottom Line 

4. Priceless

Enjoy the weekend!

Suzanne Daniels, Ph.D.
AEPC President
P.O. Box 1416
Birmingham, MI 48012
Office: (248) 792-2187
Email: [email protected]

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