All good points !
It takes a committment of time , money (or loans), and concern for others (altruistic motivation) to become a doctor .
But right now , the biggest limitation to effective doctors practice is the liability insurance; it is an ongoing and progressive expense in this age of litigation.
The expense of becomming a doctor involves a 4 yr.college degree, two years of intership, and another two years of speciality ( all post-graduate).
That too is one heck of an expense of time , finance,and educational committment that is reflected in medical fees.
Point well taken !
Can you blame them for dropping out when attempting to recover their expenses just to stay in business ?
Medicare and Medicaid only reimburse at 60% of the doctors' cost; that means that the remaining 40% of expense is supposed to eaten by the doctor.
Can you remain in business by taking a 40% cut off the top of your expenses - not likely, without declaring bankruptcy !
“Can you blame them for dropping out when attempting to recover their expenses just to stay in business ?
Medicare and Medicaid only reimburse at 60% of the doctors’ cost; that means that the remaining 40% of expense is supposed to eaten by the doctor.
Can you remain in business by taking a 40% cut off the top of your expenses - not likely, without declaring bankruptcy ! “
Don’t worry there won’t be any hospitals left for them to
practice in anyway. /semi-sarc
I work for a small non-profit community hospital. Medicare
and Medicaid reimbursements to hospitals are decreasing too. Remember also that a hospital CANNOT turn anyone away. (private insurers are also decreasing reimbursements too because they follow Medicare’s lead). Our hospital “eats” a
lot of free care too.