Doctors would take less if their malpractice insurance wasn’t so damn high. Tort reform would help.
We received a letter yesterday from my sons do for that he is leaving his practice and retiring. I found this unusual. It was the first letter of its kind I can remember getting.
It takes many years to become a Doctor and many more years to become good at specialization.
Some Doctors are just plain worth more money than us regular folks.
They are especially worth more money than bureaucrats who write sh*t like this.
It’s not just malpractice insurance. In England, for example, the gov’t owns the hospitals and provides the office space for physicians, and these costs of operation are regulated. In the US, doctors and hospitals are responsible for their own costs of operation subject to the market, but yet must function under reimbursement controls that put them essentially as functionaries of the federal gov’t. Thus, the federal gov’t gets the best of both worlds: they are getting de facto employees without having to take any responsibility for them.
I am not advocating total nationalization, but simply pointing out that the present arrangement is trending towards fascism.
Get government out of the medical system and you’ll see rates drop about 80%!
It’s been laid out numerous times, AND TRIED in Texas:
Tort reform
tax deductible catastrophic insurance premiums
tax deductible HSAs
interstate insurance markets
Result:
30% reduction in medical care costs
30% increase in doctors across the board
Amazing that nothing said about the patient. Squeeze Doctors and you squeeze their patients. To suggest you turn a Doctor’s diagnosis over to nurses is just stupid. To turn medical care diagnosis over to a government bureaucracy like the IRS is the work of imbeciles!
If you really care about overpaid professionals why not start on lawyers? Frankly I think that lawyers are obscenely overpaid! And news reporters? How much do they get paid to lie?
http://www.dailyfinance.com/2009/09/29/dan-rather-loses-70-million-case-against-cbs/