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Ethical egoism theory in business
Ethical egoism theory in business
Conflict of interest case study
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According to the Board of Ethics, when health care professionals’ judgments interfere with a patient’s wellbeing due their personal and/or financial considerations, it refers to as conflict of interest. We can use the “BioLabs” scenario as a perfect example to highlight some of the unethical actions of health care professionals. Dr. Smithfire’s suggestion to refer all patients to “BioLabs” in order to keep the business in the family clearly demonstrates an act of ethical egoism. Ethical egoism is best defined as selfish acts (Morrison, E. E., & Furlong, E. 2014, p. 7). Dr. Smithfires’ primary focus is to do what benefit him and his business. In addition Dr. Smithfires does not only violate the Board of Ethics, but also one of the principles
Healthcare creates unique dilemmas that must consider the common good of every patient. Medical professionals, on a frequent basis, face situations that require complicated, and at times, difficult decision-making. The medical matters they decide on are often sensitive and critical in regards to patient needs and care. In the Case of Marguerite M and the Angiogram, the medical team in both cases were faced with the critical question of which patient gets the necessary medical care when resources are limited. In like manner, when one patient receives the appropriate care at the expense of another, medical professionals face the possibility of liability and litigation. These medical circumstances place a burden on the healthcare professionals to think and act in the best interest of the patient while still considering the ethical and legal issues they may confront as a result of their choices and actions. Medical ethics and law are always evolving as rapid advances in all areas of healthcare take place.
In the “Declaration of Conscience,” Margaret Chase Smith addresses the American public and the United States Senate during a time of political unrest. Communist accusations and a “national feeling of fear” has brought upon this speech. Even with an upcoming election, the Republican Party decides a freshman woman senator would speak to the public, an uncommon practice at the time . In this paper, I will argue that Margaret Chase Smith’s “Declaration of Conscience” proves her credibility as a woman politician. Smith uses a masculine tone, simple diction, and repetition to prove to Americans and the Senate that she is a strong political figure.
The theme of selfishness is central to An Inspector Calls. Priestley questions the morality of the Birling and Croft
Denise Dudzinski, PhD, MTS, Helene Starks, PhD, MPH, Nicole White, MD, MA (2009) ETHICS IN MEDICINE. Retrieved from: http://depts.washington.edu/bioethx/topics/pad.html
Providers must act in the best interest of the patient and their basic obligation is to do no harm and work for the public’s wellbeing. A physician shall always keep in mind the obligation of preserving human life. Providers must communicate full, accurate and unbiased information so patients can make informed decisions about their health care. As a result of their recommendations, providers are responsible for generating costs in health care but do not generate the need for those expenses. Every hospital has both an ethical as well as a legal responsibility to provide care, even if the care may be uncompensated.
Some medical facilities are not-for-profit organizations. They can be a charitable organization or an educational organization or both. There are other not-for-profit medical and public health programs that provide health care to many communities in this country. Some of the best hospitals in America are educational not-for-profit facilities. They work with some of the newest technology and some perform experimental procedures. Most public health programs are ran as not-for-profit organizations and operated for charitable and educational purposes. The not-for-profit organization is not liable to pay taxes under IRS code 501 (c)(3) (.org). This allows the organization to put its revenues back into the organization versus having to pay investors or owners. Unfortunately, over the past 20 years the amount of for-profit organizations has increased (Santa). The growing commercialization of health care has ethical implications and has become a matter of heated controversy (Santa). It’s becoming more difficult despite all the laws and regulations to protect patient’s privacy and confidentiality. An ethical implication that for-profits face is physicians receiving incentives for keeping cost down to increase profits. Some for-profits will encourage doctors to promote profit producing drugs, surgeries, tests and treatments. (Santa). Some of these same physicians may own the facility they operate which creates a huge conflict. On the other hand, financial incentives can cause physicians to delay important tests and treatments or to not perform them at all. In some cases patients are being discharged from hospitals before they are ready to go home (Orentlicher). On an ethical standpoint, the patient’s well being is put in jeopardy and the...
Egoism is a teleological theory of ethics that sets the ultimate criterion of morality in some nonmoral value (i.e. happiness or welfare) that results from acts (Pojman 276). It is contrasted with altruism, which is the view that one's actions ought to further the interests or good of other people, ideally to the exclusion of one's own interests (Pojman 272). This essay will explain the relation between psychological egoism and ethical egoism. It will examine how someone who believes in psychological egoism explains the apparent instances of altruism. And it will discuss some arguments in favor of universal ethical egoism, and exam Pojman's critque of arguments for and against universal ethical egoism.
At times, ethical questions do arise when the correct path is not present or when there is a disagreement between the medical professional and the patient. Common ethical questions could arise which include
In this diverse society we are confronted everyday with so many ethical choices in provision of healthcare for individuals. It becomes very difficult to find a guideline that would include a border perspective which might include individual’s beliefs and preference across the world. Due to these controversies, the four principles in biomedical ethic which includes autonomy, beneficence, non-maleficence and justice help us understand and explain which medical practices are ethical and acceptable. These principles are not only used to protect the rights of a patient but also the physician from being violated.
Steinbock, Bonnie, Alex J. London, and John D. Arras. "The Principles Approach." Ethical Issues in Modern Medicine. Contemporary Readings in Bioethics. 8th ed. New York: McGraw-Hill, 2013. 36-37. Print.
O'Neill, Terry (ed.). Biomedical Ethics: Opposing Viewpoints. Greenhaven Press, Inc., San Diego CA, © 1994. pp. 185-196.
There are weaknesses in professional guidelines and rules because they are unable to provide the directives for moral reasoning and action is health care situations. Many people state that biomedical ethics provides a framework and emphasis on the person rather than the professional code and legal policy (Beauchamp and Childress, 2001). On the other hand they serve a purpose to provide some direction for professionals however codes of practise do not dismiss.
Tarzian, A. J., & Force, A. C. C. U. T. (2013). Health care ethics consultation: An update on core competencies and emerging standards from the American Society for Bioethics and Humanities’ Core Competencies Update Task Force. The American Journal of Bioethics, 13(2),
Garrett, T. M., Baillie, H. W., & Garrett, R. M. (2010). Health care ethics: Principles and problems (5thed.). Upper Saddle River, NJ: Prentice Hall.
McGee, Glenn and Arthur L. Caplan. "Medical Ethics." Microsoft® Encarta® 98 Encyclopedia. © 1993-1997: Microsoft Corporation. CD-ROM.