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Junior Member
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"I'm frustrated and disillusioned,I do not know one single M.D. who is happy right now, and many are actively looking for a way out. The system is all very broken. But the health plans, the insurance companies, are all more solvent than ever." -Dr. Patrick Lyden, UCSD Department of Neurology "I love being a physician, but practicing medicine is extremely frustrating when I never know how much my charges will translate into actual dollars. Medicine used to be about helping people. Our system of fragmented care is broken. It's time for the big overhaul." -Patricia M. Martin, MD "I'm a practicing board-certified internist, and over the past 25 years I've seen catastrophic changes to the practice of medicine in the state of Pennsylvania. Even the busiest physicians have found it impossible to keep up with their monthly costs. Overhead continues to rise at exponential rates and our reimbursement continues to fall. This explains why so many physicians have fled the state. Nevertheless, at 50 years of age with an established practice, and a family devoted to remaining in this area, I struggle to enhance the finances of my practice, while finding it more and more difficult to succeed." -Ronald M. Block, MD Medical Economics, Sept 2, 2005 v82 i17 p8(1) Is this any way to run a business? (MEMO FROM THE EDITOR)(Editorial) Marianne Dekker Mattera. Next issue we'll reveal, the results of our latest survey on physician income, and the picture isn't pretty. Primary care physicians total compensation is flat for the third year in a row and now specialists are struggling to keep up with the cost of living; some are losing the fight. The big question is not why it's happening now, but why it didn't happen sooner. No other business in the country is forced to operate under the economic constraints that physicians in private practice have had to endure for nearly two decades. No other business in the country has its ability to price services and deal with customers curtailed by both big business and big government. No other business in the country is expected to operate successfully without knowing how much it will be paid for its services. Yet that's just what doctors must endure. Health plans won't reveal what they pay or how they calculate payment. It's possible to be paid different amounts for the same service under the same contract by the same payer. Medicare's reimbursement formula is consistent, but it's based on mind-numbing calculations that factor in a variety of parameters including changes in the GDP over a decade. Of late, those calculations have determined you deserve less money than you got the year before. The cut is 4.3 percent for 2006. Year after year, physicians live on edge, until Congress steps in at the last minute to offer a reprieve. What business can run that way? And now the pay-for-performance concept is sweeping both private insurers and Medicare. On the Medicare front, the Feds face an interesting conflict in logic: theoretically, pay-for-performance will increase utilization as doctors are more diligent about getting patients in for follow-up and ordering tests and treatments according to guidelines. Yet the reimbursement formula penalizes physicians for increases in healthcare expenditures. Still, the Senate wants to pass P4P legislation without fixing the formula. The mind boggles. What's the physician-businessman to do? Organized medicine is making itself heard on both the private health plan front and on Medicare, but the various groups don't always speak with one voice. You can join your individual voices by writing your legislative representatives. The chair of the House Ways and Means health subcommittee has introduced a bill that throws out the current Medicare reimbursement system and includes voluntary participation in pay-for-performance, but the overall price tag for reform of the system may be too much for legislators approaching a 2006 re-election campaign to swallow. Again, you can write your representatives. But, in the end, there may be nothing the doctor-businessman can do but leave the business. Maybe then big business and big government will take notice and give physicians the same leeway to run their business enjoyed by every mom-and-pop flower shop and deft in America. Marianne Dekker Mattera mmattera@advanstar.com |
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#3 |
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Clinically relevant.
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It's been said a million times here. Learn medicine to practice medicine - not to get rich.
Also - this healthcare crisis will partially be ours to solve as future physicians, and to me, that is exciting.
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"Welcome to Emergency Medicine. Your patients are not NPO. They are PO with White Castle and beer." PGY-3 Emergency Medicine, Chief Resident
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#4 |
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荷物
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Sounds to me like a pretty biased class probably taught my some bleeding heart liberal... next thing you know, you'll be protesting the war for homework
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#5 |
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Senior Member
Join Date: Sep 2005
Posts: 118
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If it were so bad there wouldn't be 85 people on this forum right now
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#6 | |
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Get down with the boogie
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Cripes, you O'Reilly Factor loving Coulter clones sure have a skewed view of American politics. You see something you don't like and label it a "liberal conspiracy". Forgive me if I don't don a tin foil cap just yet.
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MCW c/o 2009 MCW Pediatrics c/o 2012 |
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#7 | |
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Senior Member
Join Date: Oct 2005
Posts: 271
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I don't think I'm completely naive in wanting to enter the field, myself. I've formally studied our healthcare system in a Masters program (healthcare MBA) and I try to keep with the current situation by doing a lot of reading, but still... there's only so much you can do as a pre-med to get a real sense of the situation. I think we're all in for a pleasant surprise once we start practicing years down the line. And, I still consider myself an optimist. Anyway, we'll see...
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#8 | |
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I'm probably naive. I have an image of setting up a practice with decent hours, getting some level of respect, and having a job where i'm continually learning/challenging myself. I'm sure everyone's been warned multiple times that Bureaucracy and politics are taking over, but nobody ever said it was an easy lifestyle. I pity the 30 year-old in med-student who realizes that theres more to medicine then saying "stick out your tounge and say ahhhh". |
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#9 |
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Surfer Chum
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Money is nice and all... but if it's anyone's main motivation to get into medicine, it's probably not the best field to be in. Go into computers instead. The economy is gross, and that's public knowledge. But medicine is what you make of it, so if you're coming into this with dreams of fancy cars and a jet-setter lifestyle, you probably need to reevaluate your career goals.
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http://www.kimberlymcauliffe.blogspot.com |
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#10 | |
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G-Unit
Join Date: Jul 2004
Location: Chicago
Posts: 424
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Demanding a fair price for your services doesn't mean that you have "chosen the wrong profession". I'm sure Lebron James loves to play basketball. But I'm damn sure if I was Lebron James I'd be certain that I'm making the money that I'm worth.
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"A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine." --Thomas Jefferson Old News. |
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#12 |
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Junior Member
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i don't think people are complaining about not making millions but are complaining about the difficulty of maintaining a lifestyle. "lifestyle" means an income, work hours, and autonomy that is associated with what most people perceive as a good professional job. i understand that the income pendulum may have swung too far in the physician's favor 15 years ago, but now it is going in the opposite direction. here's an example my family doctor makes less money, real annual income amount, not including inflation and what not, then he did 7 years ago. PLUS he works 15-20 more hours a week. now i am not saying that is salary is not good or 60 hours a week is too much, bc it's not. i am saying that as physicians we should stick up for ourselves and not allow the insurance companies to keep "agreeing" to pay lower and lower percentages of the bills, bc they will keep trying to do that until someone puts up a fight. yes i am going to be a physician bc i love medicine all things associated with it. But i will not stand around and watch insurance companies make money by sacrificing healthcare, that's why insurance companies should not be on the stock market but thats another story.
Bottom line i am only a student that will start med school next year and haven't any experience running a practice. But i do believe the physician to a certain extend should be involved in deciding whether a pt needs a procdure, not the insurance company. i am interested for feedback -mike |
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#13 |
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Doctor Light, P-H-D!!!
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The more time I spend in a healthcare setting, the more convinced I become that insurance companies are The Devil. They deny patients the fundamental right to choose their own physicians. They deny doctors the right to recommend important procedures. On the uncommon occasion that they permit a procedure, the doctor can be assured that he will receive MAYBE 50% of the amount he bills, if he's lucky. If a patient suffers malpractice and sues, during the trial the insurance company places a lien on the potential winnings the recoup all of their legal expenses, thus leaving the suffering patient with nothing (I learned about that practice recently from an MD/JD).
Insurance companies are boiling cesspools of raw, naked greed. They screw the doctor, they screw the patient, and they get rich doing it. Something has to break, and I fear that it's going to happen soon. Either we'll see a total de-regulation of the industry, or we'll see national healthcare. I think the latter is more likely, given that Washington loves to legislate. CQ |
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#15 |
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Senior Member
Join Date: Mar 2005
Posts: 731
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i know. the concept of insurance companies was born out of the motivation of helping people be prepared for the unknown, and now they have totally evolved into the modern symbol of greed and dishonesty! they just take people's money and do everything in their power to get out of paying claims when it happens. they are parasites that get fat on people's fears of the future!!
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Senior Member
Join Date: Mar 2005
Posts: 731
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#18 | |
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G-Unit
Join Date: Jul 2004
Location: Chicago
Posts: 424
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"if you really want to be a doctor, you must sacrifice your economic justice in order to realize your dream" I can't agree with this. I want to be a doctor. I also want economic justice. Am I going to bitch once I start practicing? You betcha. You think I hate the way that government has intruded on medical care in America? You betcha. Does that mean I'm going to be a bad (or poorly-intentioned) doctor? I doubt it. |
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#19 |
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Senior Member
Join Date: Mar 2005
Posts: 731
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#25 |
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Pardon the repeats - SDN needs an upgrade or something.
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#27 | |
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Member
Join Date: Jun 2002
Posts: 92
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oops just had any acceptance hope rescinded by the ama. |
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Join Date: Jun 2002
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#29 | |
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However I do think the laws of supply and demand do not actually apply to a field that cannot set their own prices. And medicine cannot, because they get patients funnelled to them through HMO participant PCPs and generate their revenues from reimbursements from insurance companies, who set the prices. |
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#30 | |
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Very true!!! But solving this crisis has been the "future physicians" job for a long time now. Doc, in general, are too stubborn to find a medium where they are all willing to work towards a greater goal. Plus you will always have new docs, who are will be willing, to figuratively get tossed around like a rag doll.
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Go RICE Go PENN ![]() ![]() ![]() UCSD C/O 2013!!!!!!! ![]() ![]() ![]() For now...GET BIG OR DIE TRYING!!!!! |
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#31 | |
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Senior Member
Join Date: Mar 2005
Posts: 731
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this might come as a shock to YOU, but i don't see whole foods making people pay up front for a sandwich in case they get hungry for lunch tomorrow, and then when the customer shows up for the sandwich next day at lunch time, try to give them all sorts of excuses why they shouldn't be asking for the sandwich. i know every business is in it for the business. was not born yesterday. but there is still a way to do business in a legitimate, moral way and not sucking the bloodlife out of people while basically providing them no or poor service. and excuse me if i don't feel sorry for the poor insurance companies who are in a tight spot and try to pay the doctors heaps of money while charging low premiums. wow they must not be making any money at all, gimme a break. |
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#32 |
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Member
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What if a union was started. The main problem is the lack of a strong unified voice representing heath care. You figure if doctors were even made mention of the word strike; lawyers would be crapping their pants from this side of the country to the next. Its not like you can hire scabs to replace doctors, they are a hand picked group with years of education and have enough money to hold out on a strike for a long time. If anything, it’s a far more scary notion to think of a skilled heath care strike than the bureaucracy we have to face.
As bad as things are, its obvious things could be worse. As of now I don't see a clear and present threat to patients or doctors welfare. |
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Join Date: Nov 2005
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#35 | ||
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Join Date: Jun 2002
Posts: 92
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now if you feel that doctors should be paid more and get the shaft, then i suggest you join and insurance co. that will pay a reasonable salary to drs (in your mind) or start an hmo. see if you can make that work. |
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#38 | |
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Senior Member
Join Date: Mar 2005
Posts: 731
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i never said that i don't think doctors don't get paid enough. i was just refuting your notion that the poor insurance companies are stuck in a bind because they are trying to give the doctors all the money and making them to look like the saints that they aren't. then at the same time you are saying here that "hey every business is in it for the money, don't be naive." you are the naive one if you think "hey nobody is forcing people to buy insurance. if they don't like it then don't get it and complain afterwards." the way the system is set up now, it's almost like you are getting screwed if you have insurance, and you are screwed if you don't have insurance. but since you are so hell-bent on defending them, i can only guess that either you or your daddy must work for an insurance company?? |
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#39 | |
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Fought Law; Law Won
Join Date: Nov 2004
Location: NC
Posts: 1,022
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a) HIPAA has nothing to do with whether or not you are obliged to take care of people without insurance. That would be EMTALA, and it only refers to emergency care providers having to make sure people are OK before they d/c them. b) You can start a business for any reason and are in no way obligated to have profit as your sole (or even primary) obligation. I would refer you to dirty hippies like Ben and Jerry (before they sold out to the man). |
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#40 |
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1K Member
Join Date: Jun 2003
Posts: 1,096
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Medicine is in a terrible, terrible place and many phsyicians are fleeing it. Just like the article said. Pensylvannia and I believe Florida? especially.
I don't want to practice medicine here in the states, except maybe pathology. This is a profoundly messed up system. We need a government system of health care like the rest of the world. |
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#41 | |
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Member
Join Date: Nov 2005
Posts: 75
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Where do you live, Hollywood? I think there is a difference, however, between lawyers who advertise on TV and physicians. Lawyers who advertise on TV can offer their legal services for free in return for a percentage of each successful settlement. Cosmetic surgeons usually cater to an upper-class clientele who pay out of pocket since most procedures are not covered by insurance policies. A common bond remains, though, since I think both of those are examples of unnecessary services in most cases.Going back to the original discussion, I think the point I was trying to make was that part of the problem with healthcare nowadays is the malpractice suits. Sure, some are legitimate, and some are not. But if the overall number of malpractice suits are increasing - which I believe I read somewhere (correct me if I'm wrong) - physicians become increasingly burdened by legal affairs when they should be practicing medicine. |
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#42 | |
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Herro!
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Great post. By the way, how many broke doctors do you know? Me?? NONE. Come on people, lets keep it real. Work hard and you will do just fine.
__________________
Play nice! ![]() 'A government big enough to give you everything you want, is big enough to take away everything you have.' Thomas Jefferson เจซัน์ ดี สปีวธ์ เป็นนเรศวร แห่งจักรวาล-No, I'm not asian ![]() ARE WE THERE YET!!! Getting P I M P E D DAILY! "I'm an early bird AND a night owl...so I'm wise AND I have worms" Michael Scott-The Office |
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#43 |
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Senior Member
Join Date: Sep 2003
Posts: 1,091
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Physician salaries are still better than other occupations, although it seems that many lawyers have passed MDs financially. The medical field is not as lucratic as it once was and that will probably never return. But if you enjoy working with patients, then it's still a good choice.
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#44 | |
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Tip your guide.
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Actually, I know a lot- my father is an opthalmologist in a nice town in Nor Cal. He's been practicing since 1969. Attended UCSF, he's AOA, does Lasik and all that stuff. His salary just got cut in HALF. This I find out after he tells me a few weeks ago that he makes the same in dollars as he did in 1975. Let me repeat that: In Dollars. And he's honestly the busiest physician in town, and the most well-respected eye surgeon- I have people on the street at home stop me and thank me for his work (weird). He's also the kind who has taken an apple pie from someone in exchange for an exam. And he's no bleeding-heart liberal, trust me, we argue about stuff all the time. Most of the money he's made has been from investing in stocks, and he had a small business for a while that he sold to Smith sunglasses. But that doesn't Friends of our family who are newer doctors bought modest homes in our town, maybe $400K (that's a modest home in our town, which is a problem in and of itself) and are declaring bankruptcy. I have no illusions about money in the healthcare industry. The insurance companies and pharmaceuticals are making lots, and doctors are not getting what people think they are. Yes there are a few cardiologists/plastic surgeons here and there who make a ton, but many don't. Every doctor I've spoken to has definitely said, "Don't go in it for the money." I hope my physician is not there because he or she sees dollar signs. Definitely the wrong reason to go into medicine. As to malpractice insurance, look at Nevada- Las Vegas area- how many OB/GYNs have they lost over the last few years?
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"The universe does not have laws. It has habits. And habits are meant to be broken." - Tom Robbins |
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#46 | |
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SIMMER DOWN
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UCSD MSTP Entering 2006 |
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#47 | |
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SIMMER DOWN
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I think the succinct message is that when somebody is trying to maximize profits when it comes to an issue as important as the health of the nation, there is a fundamental conflict of interest.
I support national healthcare because, although it has it has inherent problems evidenced by other countries that use it (long procedure times, etc.), and Quote:
the fact is that insurance companies are sometimes reimbursing as little as 50% of what they receive as payment, and they sure as hell don't have operating costs that high. HMO stocks have always been pretty-well off, even when the rest of the market has been crap. Another thing to consider: Since the government loses such a ridiculous amount of revenue in the form of tax breaks for businesses that provide healthcare for their employees, the net effect is that the government in reality is already "spending" much more than the ~13% GDP that we appear to be, but it is going to a system that is obviously broken. |
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#48 | |
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9-10-Q-K
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This report analyzes waiting times between two groups of countries. The first group has well reported problems with excessive waiting times (Australia, Canada, Denmark, Finland, Ireland, Italy, Netherlands, New Zealand, Norway, Spain, Sweden, and the United Kingdom), and the second has relatively small waiting times (Austria, Belgium, France, Germany, Japan, Luxembourg, Switzerland, and the United States). No huge suprise in the conclusions. Countries that have activity-based budgets for their hospitals, reimburse physicians on a fee-for-service schedule, and have higher numbers of practicing generalists and specialists, as well as higher numbers of acute care beds tend to have smaller wait times. In contrast, if you pay doctors fixed salaries, have fixed operating budgets for hospitals, and lower capacity (both in beds and in manpower), wait times increase. Shocking, isn't it? |
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#49 | |
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híppos khlōrós
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There is nothing I cant stand more than naive typically primary care types that insist medicine is the pseudoreligious moral high ground and we all should take a vow of poverty. I went into medicine to MAKE $$$, it may not be the main motivator but it sure was a factor. Do think that devoid of the $ factor, American medicine would even remotely be as advanced as it is??? Money drives innovation AND quality, be it cardiac surgery or Burberry handbags!!!! How hard is this to understand people?! And thank you for being the reason why this profession is going into the crapper. No, life in medicine is not some sweeping romantic drama where we wake up everyday "for the love the game" and subsist soley off the "love" of our patients! sheesh, grow up
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When are all the docs and premeds who voted for Nancy Pelosi and Obama getting their 30 pieces of silver in the mail?? Or has it arrived already? |
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9-10-Q-K
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