Try 75% overhead. That is what my practice has. Why you say. Well when 60% of your patients are Medicaid or Medicare there is not much bacon left to eat. WE CAN NOT keep our practice open with this cut. My employee will now have to re- do a month of .gov work to get our money late. I wonder if my employees will can if they do not got paid for a paycheck or two. How about the electric bill etc. This is BAD, BAD BAD.
A brand new graduate nurse from a 2-year college starts at $18.50 at this hospital and when he/she passes the boards the wage goes up to $22.00 per hour.
Make no mistake - the nurses are worth their weight in gold and deserve every penny they earn. However, it is just wrong that a physician who spends about 10 years learning his profession - in school and through residency training - and racks up tuition loans in the hundreds of thousands is reimbursed such a pitiful amount.
My medicare years are just around the corner for me - I'm 59. I shudder to think what awaits me.