I haven't been on this forum FOREVER! Not sure how I ended up here today, but here's my 2 cents.
About 15%-20% of my practice is bariatrics and I love it. I had a strong interest in bariatrics right away because I loved the idea of doing those complex operations through the scope. And along the way I realized it's very rewarding to see patients become happier and healthier as you follow them through their weight loss journey. I perform the full spectrum of laparoscopic bariatrics...bands, RNY, and sleeve gastrectomy. I do a fair amount of revisional surgery...like bands over old open bypasses, conversions of old open VBGs to RNY gastric bypass, etc....all done laparoscopically. I also do all of the endoscopy needed on any of the bariatric patients at my main hospital...including interventional stuff like stricture dilatation and intraluminal stenting.
The operations themselves can be technically demanding, especially on males and the massively obese (BMI > 70). However, I like the challenging cases, sometimes to the chagrin of my PA. Bariatrics has evolved a lot since I did my first open gastric bypass in residency and the complication rates have fallen dramatically. A lot of this has to do with regionalizing these operations to places and surgeons that have an active interest in improving the care of the obese patient. Despite the litany of comorbid conditions we face in these difficult patients, the gastric bypass mortality rate in the US currently averages around 0.2%....that's the same as the mortality rate after a lap chole!
I agree that reimbursement has gone down over the last 10 years for these operations. However, that's true of most things as they go from new and novel to mainstream. Outside of Medicare, Medicaid, and Tricare, these operations still pay very well...more so if you are efficient and good at what you do.
Unlike a poster above mentioned, I argue that weight loss failure is more of a rarity than the norm after surgery (excluding non-compliant band patients!). And, comorbidity reduction (or elimination) is very durable. Diabetes resolution/remission rates after a gastric bypass are between 80-90% and it stays gone.