Clinical psychologists express major concerns about the interplay of managed care, psychotherapy, and professional ethics that center around issues of quality, quantity, and continuity of care; patient-provider autonomy; patient abandonment; third-party intrusiveness; guidelines, outcome research, utilization review; malpractice; confidentiality; truth in advertising; and allocation of resources. To guide psychologists working in today's ever-changing health care system the current code of ethics needs revision to encourage use of accurate, empirical standards to study health care delivery; determination of psychotherapy as an entitlement ora business; distinguishing between necessary and discretionary psychotherapy; and articulating a clear-cut social ethic that would assure fair and equal access to needed therapy for all.