Being a good doctor is one of the most demanding jobs in the world.
If you are doing it right, the level of commitment and stress is difficult for people not in the profession to grasp.
Have friends that invested in a very well equipped practice just before ObamaCare hit and they simply are not making it.
Why anyone would want to to go to put the best years of their lives on hold to go to med school, graduate with 2-500K debt, suffer through residency, invest another half megabuck into a practice only to lose money and get grief in the brave new ObamaCare world is beyond me.
Seems everyone in the medical biz is doing well except for the doctors.
Anyways, he put together a loan and with two friends, built their practice. the three of them spent more than a $million to build the facility, then another $2million to equip and staff it. But, the real bugaboo was the annual malpractice insurance cost of $1.5 million to start. It increased annually.
There are plenty of claims against many doctors, but they had none. Yet, the MI costs went up exponentially. He retired at 52!
Being a good doctor is not enough!
Seems everyone in the medical biz is doing well except for the doctors.
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Your friends are not doing well because the medical-insurance-industrial complex wants them to be employees, not independent practitioners. As employees they are under the control of the complex. Leftist totalitarianism demands obedience.