Doctors going broke

CNN Money ^ | 1/5/12 | Parija Kavilanz

[The Duke]

Why, WHY, would someone want to start a business today and struggle to feed a monster, risk your own monies, just to have the scraps left over?

There are other good reasons to start a business. To have control over ones' life, to chart ones' own course, or to simply pursue ones' passion.

But, beyond that, there are some great opportunities today. For the past 40 years the opportunities favored the guys in the expensive suits who had an inside track with the bankers.

Today that model is crashing and burning, and today opportunities favor those with true knowledge and skills - and those who can make real profits.

Regarding all the costs of doing business - ultimately that is not borne by the business owner anyhow. It's bourne by the customer and the employee.

I've been in business for 25 years, and we are thriving in this new economy like never before.

[Alberta's Child]

Your approach is a major improvement on the current system. The key to an HSA-type of arrangement is that the HSA is owned by the individual and he/she therefore has some measure of control over it. The purpose of an HSA is to ultimately establish a pool of funds so that a person is “self-insured” to a large degree. That’s why it has no appeal to people (in both major political parties) who have vested interest in expanding government power in the medical and insurance industries.

[Alberta's Child]

You’re very welcome. There are a lot of very interesting and informative posts on this thread. I’ve had a good perspective on this issue because of my understanding of how the insurance industry works and how the whole system of employer-paid insurance and government programs has come to distort the economics of health care.