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Who is accepted/applying to medical school with the long term goal of practicing Geriatrics?
danwsu said:Thats strange, I would think that thanks to the high volume geriatrics would have pretty good pay.
DireWolf said:The reason = ALL of their patients are Medicare/Medicaid. Needless to ay, these reimbursements are horrible.
danwsu said:Well that explains it right there. Ironic since Ophos serve the same type of population and make out quite well.
danwsu said:Well that explains it right there. Ironic since Ophos serve the same type of population and make out quite well.
DrMom said:Exactly. Add to that all of the limitations & regulations of Medicare. So basically, geriatrics is low-reimbursement/high-government-red-tape.
gioia said:But we will also be servicing a new generation of the aged: the Baby Boomers....
If 50 billion dollars were spent out of pocket last year on alternative medicine, then I think they will be willing to pay for expert health care in the coming years. They don't want to age the way their parents are (who, being the silent generation, were not willing to pay for themselves anyway).
I think we underestimate the power of marketing: If we sell a good product (expert aging CARE) then the money will come. The money is there and is currently being spent on: DERMATOLOGY, ALTERNATIVE MEDICINE, CHIROPRACTIC CARE.
DORoe said:Do you think that reimbursment will increase because of a rising elderly population and a decrease in doctors that specialize in geriatrics? It seems that it would make good economic sense to me.
DireWolf said:I think you misunderstand the point that most elderly Americans live at or below the poverty line. Pensions and social security are simply not enough to survive anymore. This is going to be a SERIOUS problem very soon. Most of the elderly's "available" money is usually spent on expensive medications. Watching my grandparents and their friends, who all worked their tails off for 50+ years at good jobs, struggle to pay the bills is extremely painful. A lot of these people rely solely on Medicare for their health care. My Grandpa's Blue Cross/Blue Shield supplemental insurance (which barely covers anything) costs $450/month. These people would love to pay for quality health care, but they simply can't.
DireWolf said:I think you misunderstand the point that most elderly Americans live at or below the poverty line. Pensions and social security are simply not enough to survive anymore. This is going to be a SERIOUS problem very soon. Most of the elderly's "available" money is usually spent on expensive medications. Watching my grandparents and their friends, who all worked their tails off for 50+ years at good jobs, struggle to pay the bills is extremely painful. A lot of these people rely solely on Medicare for their health care. My Grandpa's Blue Cross/Blue Shield supplemental insurance (which barely covers anything) costs $450/month. These people would love to pay for quality health care, but they simply can't.