Obstetrics and gynecology has been transformed from a fee-for-service, unma
naged system to a prepaid managed system. This change poses significant eth
ical challenges, which we address. We show that obstetrician-gynecologists
and medical institutions are moral co-fiduciaries of female and pregnant pa
tients, that the obstetrician-gynecologist should be economically disciplin
ed without capitulating to managed care, and that managed care organization
s have an obligation to support the medical education and research from whi
ch they benefit. (Obstet Gynecol 1999;93:304-7. (C) 1999 by The American Co
llege of Obstetricians and Gynecologists.).