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Doctors going broke
CNN Money ^ | 1/5/12 | Parija Kavilanz

Posted on 01/05/2012 9:43:56 PM PST by Nachum

New York - Doctors in America are harboring an embarrassing secret: Many of them are going broke. This quiet reality, which is spreading nationwide, is claiming a wide range of casualties, including family physicians, cardiologists and oncologists. Industry watchers say the trend is worrisome. Half of all doctors in the nation operate a private practice. So if a cash crunch forces the death of an independent practice, it robs a community of a vital health care resource. (Snip) Doctors list shrinking insurance reimbursements, changing regulations, rising business and drug costs among the factors preventing them from keeping their practices afloat.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: broke; doctors; going; obamacare
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To: Mom MD

nobamacare = Stay healthy or die.

The government has the ultimate control over any licensed doctor...they can make you do anything as a doctor if they make it a requirement to keep your license to practice. That includes which patients you must service, where to practice, how to practice and what to bill. It’s coming, folks. Thank God I am retiring in three months.


81 posted on 01/06/2012 5:58:06 AM PST by hal ogen (1st Amendment or Reeducation Camp?)
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To: Nachum

As an IT man, I have always noted how reluctant MDs are to embrace business technology. Although medicine is one of most high-tech fields we come in contact with, the technology rests in the medical equipment, and that’s where it stops. The average florist makes more use of databases, customer profile management, and every other aspect of modern computerized business than any MD out there. Go into a doctor’s office, and you will see a wall of paper jackets behind the receptionist. Those are the paper records that medicine still runs on, just as it was in the Fifties.


82 posted on 01/06/2012 7:05:52 AM PST by BlazingArizona
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To: DB

We spend about 4.2% of GDP on our military. A constitutionally mandated function of the federal government.
~~~~~~~~~~~~~~~~~~~~~~~~~~

Nation building is not constitutionally mandated. Social security is mandated by current law.
we spend approx equal amounts on defense and social security. They both need to be cut.


83 posted on 01/06/2012 7:07:21 AM PST by mamelukesabre
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To: texican01

Having recently retired and looking at all the numbers, it appears that I paid 2x as much into SS as may personal plan. Including employer ‘contribution’.
My plan pays 5x what I receive from SS!
I paid every penny into my plan, no matching funds.
I will note that my plan does NOT have a COLA.


84 posted on 01/06/2012 7:22:00 AM PST by DUMBGRUNT (The best is the enemy of the good!)
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To: DB
Social spending is the problem and if not addressed it will continue to consume everything. Social spending is not mandated by the constitution. Much of it isn’t even authorized by the constitution...

Yeah, that reminds me of a joke in another thread I was on about a potential new fighter jet. The jet would cost so much that by 2054, we could only afford one so each week, we let the Air Force use it for 3 days, the Navy uses it for the next 3 days and we let the Marines have it for 1. B-P BTW, I do agree with you on the Constitutionality of social spending.
85 posted on 01/06/2012 7:29:10 AM PST by Nowhere Man ("People should not fear their government, their government should fear the people." - V for Vendetta)
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To: FastCoyote

Bookmarked, thanks


86 posted on 01/06/2012 7:33:08 AM PST by Nowhere Man ("People should not fear their government, their government should fear the people." - V for Vendetta)
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To: jazzlite
This will work for a short time but the quality will be short lived..The golden age of medicine is past and we will return to a situation of letting nature take it’s course. Goodby longevity..Hello, mourning, except for the rich..They will hold out a bit longer with their ability to travel the world..However, the halt in better medicine and the lack of skilled and knowledgeable doctors will soon take it’s toll on everyone. Fascism and communism never works and it will not work this time either. At least a few people in the history of the world had insight into how to be free and still keep the peace, but the envious among us were too committed and too strong. They used their charismatic members to charm us and steal our “city on a hill.” The cruel and the violent will inherit this nation if things are not turned around.

We might see a rise in medical tourism or even a "medical underground railroad." Some people, if fortunate enough with a strong enough nest egg might leave the country and head off to places like Costa Rica, Grenada, Phillipines, Dominican Republic, etc., and they can get all the healthcare they need without the Bamster touching them. I can also see some version of a charity, an underground medical airline/railroad/steamship where people who need help will leave the U.S. and get treatments elsewhere.
87 posted on 01/06/2012 7:42:09 AM PST by Nowhere Man ("People should not fear their government, their government should fear the people." - V for Vendetta)
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To: BlazingArizona

“Those are the paper records that medicine still runs on.” Inefficient, error-prone, yes; likely to be hacked, no. There’s a bright side to everything.


88 posted on 01/06/2012 7:42:40 AM PST by Silentgypsy (If this creature is not stopped it could make its way to Novosibirsk!)
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To: BlazingArizona

Oh, one other thing: a disgruntled employee sabotaged my former internist’s EMR system. Short of arson, that sort of thing is more difficult to accomplish with hard copy. There’s a flip side to everything.


89 posted on 01/06/2012 7:45:57 AM PST by Silentgypsy (If this creature is not stopped it could make its way to Novosibirsk!)
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To: TigersEye

Yes, even fuel, sadly.


90 posted on 01/06/2012 8:01:54 AM PST by vpintheak (Occupy your Brain!)
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To: Nachum
I can remember when Doctors offices has 2 or 3 people working for them...Some offices have 9 or 10 now...My old OB_GYN had only his wife, a nurse on the payroll...the overhead must be huge now plus thousands in insurance. Had one doctor told me (neuro-surgeon) that his insurance ran into several hundred thousand dollars per year.

I wonder how much of that is caused by lawyers and frivious law suits and so many different kinds of health insurance and paper work involved in keeping up with all the laws, rules and regulations that change each year...

91 posted on 01/06/2012 8:24:39 AM PST by goat granny
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To: riri
In Sweden, the typical salary of a GP is around 65k a year.

That is typical of socialized systems of medicine. It is similar to France. It is also one reason why doctors in these systems will not go the extra mile for a patient unless they have clout, can bribe the doctors, or there is an implicit threat.

92 posted on 01/06/2012 8:37:29 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: FastCoyote

I’ve heard that 60 to 70% of US mortgages are held by Freddie and Fannie. Formally “quasi-independent” agencies before they went into receivership and are now full fledged government organizations I suppose?

Private banks pushed out of the college loan business because government could do it better.

Banks in hock to the government.

Who owns our bodies when we are living? Who owns our bodies after we pass on? Do the organs become the property of the state?

It used to be cradle to grave, that wasn’t enough. They are going to get you after you’re dead.

Who is the master now and who is the servant?


93 posted on 01/06/2012 10:48:19 AM PST by listenhillary (Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
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To: mamelukesabre

I totally agree about nation building. That was Bush’s biggest mistake in Iraq and Afghanistan. We should have cleaned out the nests and left ASAP. And then stated anyone who directly threatens us will get the same treatment - no repairs, no nation building.

About 57% of the 2011 budget was for SS, medicare, medicaid, welfare and unemployment - and is growing. All things the federal government has no business doing at all. In comparison 19% of the 2011 budget was for the DOD.


94 posted on 01/06/2012 10:53:18 AM PST by DB
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To: BlazingArizona

Lawyers and government have a lot to do with that.

Without a paper records the doctor gets sued because he can’t proof this or that.

Government wants electronic records so they have direct access to them. It is as simple as that. I prefer my medical records stay in my doctor’s filing cabinet.


95 posted on 01/06/2012 10:58:56 AM PST by DB
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To: Nachum
I read the comments in post after post and all I see are people who are tired and have no fight left in them.

That's self-defeating.

Are we all going to stand around and just let this country fall down around our ears?

Most disconcerting.

96 posted on 01/06/2012 11:01:39 AM PST by Glenn (iamtheresistance.org)
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To: texican01
Its not false, and if you are going to talk about me you could give the basic common courtesy of ping me.

Read my response to his statement. It isn't false.

You said:

"I agree. I and my peer group are doing well from SS and Medicare -— we are probably the last age group to do so!"

Well that's the point it isn't it. So you say I'm wrong while at the same time acknowledging my point...

That's how Ponzi schemes work. Those out early get the goodies. Those on the tail in get cheated.

97 posted on 01/06/2012 11:08:32 AM PST by DB
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To: Nachum; mamelukesabre; KJC1; GlockThe Vote; Sgt_Schultze; clearcarbon; 43north; ...
Thanks for posting that.

Please consider the idea of maybe copying the following into your email-composing window and sending it to whomever you think needs it or might be willing to share it (and FReepmail me if you'd like to be on a low-volume emailers's ping list). Or not.

Subject line: Is Obamacare the runaway winner of the "America's Worst Idea" contest, or what???

-
Now, let me get this straight . . . We're going to be "gifted" with a health care plan we are forced to purchase and fined if we don't, which purportedly covers at least ten million more people without adding a single new doctor, but provides for 16,000 new IRS agents, a militarized civilian "ready reserve corps" and 33 new government committees to make decisions for us and our doctor, authorized by a 2,700 page bill written by a congressional committee whose chairman at the time says he doesn't understand it, passed by a Congress that didn't read it but exempted themselves from it, and signed by a President who smokes, which establishes permanent uncertainty about more than 1,000 questions, including "What constitutes a medical expense?" by authorizing the HHS Secretary to suddenly change the answers to them by arbitrary snap decision at any time, with funding administered by a Treasury chief who didn't pay his taxes but will make sure we pay ours, for which we'll be taxed for four years before any benefits take effect, which
takes hundreds of billions away from Medicare and then imposes 25 new taxes, most of which kick in after the 2012 elections, yet scored by a non-partisan Congressional Budget Office that says it will add another TRILLION dollars to the national debt anyway, while it was supposed to "lower" health insurance costs but caused premiums to jump 9.5% in 2011 ALONE, and all of this is to be overseen by a Surgeon General who is obese and an administrator appointed by the president who has called for rationing (and who says "I love it" about the British Nationalized Health Service in which 25,000 cancer patients die every year while still on waiting lists), and financed by a government that is already broke and has already bankrupted Social Security and Medicare, is that right?  Who could ever find anything wrong with that?    
-

Is Obamacare the runaway winner of the "America's Worst Idea" contest, or what???
-

-- Yes, please DO pass it along ------>

98 posted on 01/06/2012 11:17:48 AM PST by FreeKeys ("Obama appears with Teamsters for the same reason cops appear with nightsticks." - David Burge, Iowa)
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To: Scotswife

Yes that is it.

And now we have the “I paid in” I don’t care who gets screwed as long as I get mine people demanding theirs. Never mind that these same generations who have or are now retiring voted all their lives for these taxes/benefits/Ponzi schemes over the years, they bare no responsibility for it now that it is their turn to collect.


99 posted on 01/06/2012 11:17:55 AM PST by DB
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To: BlazingArizona

Sorry, that should have been “... prove this or that.”


100 posted on 01/06/2012 11:22:35 AM PST by DB
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