What Obama-Care will do to American Health Care

Monday, June 29, 2009

Our health care system is a complicated machine that causes a chain of reactions when something is changed. With the immeasurably high price tag of national health care, what are the consequences? Britain and Canada show this is just part of what would happen:


Nice chart. But, the window where it says "Doctor's income drops" should happen no matter what. Doctors take an incredible amount of money for what they do, don't get me wrong, they're doing an amazing job and a hard one too. But I do think they earn a bit too much, their salaries could be reduced by a lot and they'd still have enough money to drive nice cars and have huge houses. Nowadays more people go to med school just because they know they will make a lot of money when they get out of school. And that's not necessarily a good thing.

Take care, Lorne

My wife, my sister and two of my brothers have gone to medical school. It is hell. You cannot imagine the amount of work and sleep deprivation they go through to graduate and pass their boards unless you have experienced it. And THEN there are the horrendous loans (which just went WAY up, by the way) that they have to pay back for the privilege. Doctors deserve what they are paid for the sacrifice they went through and the services they provide.

Personally, having done billing in a medical office, I think insurance companies are the problem. HMOs and PPOs hardly provide a service to patients. It is their job to take people's money, pay themselves and their business, and then pay out less money back to the people who paid it in. Insurance is not about health care, it is about profit. It is the norm for a person to pay an insurance company many times more than they will ever see back from them. It makes a lot more sense to me to save our health care system by diverting less of it to third parties (who are neither providers nor patients) by using health savings accounts. But of course, that will put a lot of insurance people out of business.

cura_te_ipsum said...

In the past several years there has been a trend of doctors either going to another field of medicine or leaving the profession altogether due to high costs. The lowest debt incurred in public medical school that I've heard is $160,000 (that is not including any undergraduate loans). And then when you finally get into practice, malpractice insurance can be in the six figures too depending on your field and location. A lot of undergraduates are opting to become PA's instead because of this alone. Many doctors have also taken large pay cuts in their decision to continue treating Medicare patients. I'm surprised with all the high paying professions out there (pro athlete, actor/actress, politician), you would put doctors on the list for pay cuts. I don't know about you, but if I am in surgery, I want the finest, most respected and highest paid doctor holding the knife. Doctors deserve what they make for what they do and for what they have been through to get the degree. If you start cutting their salaries, you're really going end up hurting yourself in the long run.
ps. I don't know anyone who completed medical school just for the money. On average it's a 12 yr commitment after high school, and it's rigorous.

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