“Saw this in our local newspaper as well. Frightening, as we are about to send our first to college. Have you heard about law school graduates suing their universities for misleading them about employment statistics? I've heard Wake Forest Law used to boast a 90% employment figure prior to graduation - it is now only about 10%. Last year our neighborhood swim team had a Wake law grad as our part-time coach. How's that for “underemployed”?
Get ready for huge healthcare layoffs as well. Medicare and Medicaid payments are supposed to be slashed by 27% over the next 3 years. Private insurance uses these payments as benchmarks, so consider it more of a 25% across the board cut for healthcare. Sounds great if you are the payor, not so great if you are a practice owner or manager.
Our neighbor, a family practice physician, just resigned after working 15-17 hour days for the past 4 months with no relief in sight. Reimbursements for primary caregivers are too low to operate a practice, so they are told to “see more”. However, how can you provide quality care in under 10 minutes per patient? Don't forget that you must document every thought, feeling, and action so you don't get sued for “missing something”.
Have you seen how much the electronic medical record, so touted in the last election, has improved healthcare??
Are you wallowing in the savings yet??”
My wonderful Doctor is hanging it up and moving to a little ranch in NM. He can’t take it anymore.
I hate Obama.