If anyone on here would know the true implications of Obamacare on physicians it's Spindoc....I'll take his word over the petty insults being hurled by the lemmings.

 

Truth

My Bro retired ( quit ) full time medicine at age 48 , No he didn't retire to the Caymans , he continued work mainly in real estate . He quit because of the govt about ten years ago. He said when the govt was reimbursing less for a service than what it cost him , he better get out of the biz ( this scenario was over a steroid inj - dexamethasone to be exact . ) He was paying more for it than what Medicaid-Medicare would reimburse for .. This scene is repeated on at least 5 % of the Rxs I fill as a Pharmacist in my store on a daily basis . I pay more for the product than what Uncle sam will reimburse . I lose money to fill a persons rx on a daily basis . But according to liberal dem's we are just greedy b as tards I guess .

This thread...

 

:down:

 

As usual, American politics comes down to the unbridled contempt of one side for the other with the mind-numbingly consistent result that nothing gets better.

 

We have exactly the political climate we deserve.

My Bro retired ( quit ) full time medicine at age 48 , No he didn't retire to the Caymans , he continued work mainly in real estate . He quit because of the govt about ten years ago. He said when the govt was reimbursing less for a service than what it cost him , he better get out of the biz ( this scenario was over a steroid inj - dexamethasone to be exact . ) He was paying more for it than what Medicaid-Medicare would reimburse for .. This scene is repeated on at least 5 % of the Rxs I fill as a Pharmacist in my store on a daily basis . I pay more for the product than what Uncle sam will reimburse . I lose money to fill a persons rx on a daily basis . But according to liberal dem's we are just greedy b as tards I guess .

And here's my take on it. Good for your brother for getting out. People don't realize the 7 figure debt physicians often incur when they go through all of the education required of them. Not 5 figure. Not 6, but 7 figure. I was a paltry 75K in the hole when I graduated many moons ago. I pity the kids now who have to incur that load just to get a parchment with their degree stamped on it.

 

All that aside, instead of taking the route many take, to no fault of their own, he simply hung it up. Many physicians won't allow insurance to dictate treatment for their patients. In your brother's case, the steroid inj was proper treatment. Many simply wouldn't offer it because they didn't get paid for it. Instead they'd allow whatever reimbursement the insurance negotiated as treatment, whether it was appropriate for the patient or not. Instead he simply took down his shingle, and I say good for him.

Far more to this story than what the ad says. Good move on the doc's part, though, to blame his departure on the Affordable Care Act. Blame the government! Blame the government! Sizable percentage of readers will buy that.

So you know Dr Kiteck, maybe you can enlighten everyone on the rest of the story.

Is it Obamacare?

 

Read:

 

Doctors Face A 24% Pay Cut In Both Medicare And Medicaid Reimbursements - Forbes

 

Doctors seeing Medicare patients face a 24 percent cut in reimbursements beginning January 1. But almost no one has grasped that those cuts will hit Medicaid too—thanks to Obamacare. Unless Congress acts, we’re likely to see a huge exodus of doctors who will not accept either Medicare or Medicaid patients.

 

 

I spoke with a family friend on this just this morning after showing her the original post picture. She works in the community outreach function of a non-profit hospital. She said - "oh yeah, its bad...and getting worse" referring to the situation even before AHCA and indirectly referencing what the article shows.

 

As stated numerous times, Medicare and Medicaid have been way underfunded for years. AHCA was supposed to generate new 'revenues' to fix this massive underfunding. But it also puts a very serious squeeze on doctors - starting January 1.

 

It was also indicated that 'non-profit' status of hospitals is under attack. The government wants them to pay taxes and is challenging them more aggressively.

I have yet to talk to a DR who is for Obamacare

And here's my take on it. Good for your brother for getting out. People don't realize the 7 figure debt physicians often incur when they go through all of the education required of them. Not 5 figure. Not 6, but 7 figure. I was a paltry 75K in the hole when I graduated many moons ago. I pity the kids now who have to incur that load just to get a parchment with their degree stamped on it.

 

All that aside, instead of taking the route many take, to no fault of their own, he simply hung it up. Many physicians won't allow insurance to dictate treatment for their patients. In your brother's case, the steroid inj was proper treatment. Many simply wouldn't offer it because they didn't get paid for it. Instead they'd allow whatever reimbursement the insurance negotiated as treatment, whether it was appropriate for the patient or not. Instead he simply took down his shingle, and I say good for him.

 

My wife and I signed on her med school loans this past June. First year runs about $55,000. Cost goes up each following year.

My wife and I signed on her med school loans this past June. First year runs about $55,000. Cost goes up each following year.

 

Good luck. And If she specializes, well, there's that.

That sounded harsh, but in genuinely mean good luck to the both of you.

So you know Dr Kiteck, maybe you can enlighten everyone on the rest of the story.

You live down there. I don't. Try doing a little investigative work instead of just posting stuff that fits your biased narrative.

And here's my take on it. Good for your brother for getting out. People don't realize the 7 figure debt physicians often incur when they go through all of the education required of them. Not 5 figure. Not 6, but 7 figure. I was a paltry 75K in the hole when I graduated many moons ago. I pity the kids now who have to incur that load just to get a parchment with their degree stamped on it.

 

All that aside, instead of taking the route many take, to no fault of their own, he simply hung it up. Many physicians won't allow insurance to dictate treatment for their patients. In your brother's case, the steroid inj was proper treatment. Many simply wouldn't offer it because they didn't get paid for it. Instead they'd allow whatever reimbursement the insurance negotiated as treatment, whether it was appropriate for the patient or not. Instead he simply took down his shingle, and I say good for him.

The Heritage Foundation a few months ago said the average education debt of a young doctor was $150,000.

The Heritage Foundation a few months ago said the average education debt of a young doctor was $150,000.

They're terribly mistaken. See CWB's post above. You can't be a nurse prac for that.

You live down there. I don't. Try doing a little investigative work instead of just posting stuff that fits your biased narrative.

 

Then why did you make the claim there was far more to the story?

The Heritage Foundation a few months ago said the average education debt of a young doctor was $150,000.

 

I don't see how that could be possible? Where did they get their figures? That's only a few years of schooling.