Chicago Physicians have an obligation to recommend the less expensive option when the available medical alternatives offer a “similar likelihood” of patient benefit, according to ethics policy adopted at the AMA Annual Meeting.

Doctors ought to be “prudent stewards of the shared societal resources with which they are entrusted,” says the ethical opinion. The Council on Ethical and Judicial Affairs report overcame objections that it could wrongly limit physicians’ ability to advocate for the interests of individual patients when those conflict with the need to constrain health care costs. Medical spending consumes nearly 18% of the U.S. gross domestic product.

My latest. Read the whole shebang.