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Old 04-09-2010, 06:26 AM   #1
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Default 45% of Doctors Retiring?

Not sure if this has been a thread topic before...

This is an old investor's business daily article. Just wondering if anyone has some thoughts on how Obamacare, in it's current form, could affect the number of doctors who will retire early.


Quote:
45% Of Doctors Would Consider Quitting If Congress Passes Health Care Overhaul

By TERRY JONES, INVESTOR'S BUSINESS DAILY Posted 09/15/2009 07:09 PM ET

IBD Exclusive Series:
Condition Critical: What Doctors Think About Health Reform

Two of every three practicing physicians oppose the medical overhaul plan under consideration in Washington, and hundreds of thousands would think about shutting down their practices or retiring early if it were adopted, a new IBD/TIPP Poll has found.

The poll contradicts the claims of not only the White House, but also doctors' own lobby — the powerful American Medical Association — both of which suggest the medical profession is behind the proposed overhaul.

It also calls into question whether an overhaul is even doable; 72% of the doctors polled disagree with the administration's claim that the government can cover 47 million more people with better-quality care at lower cost.

The IBD/TIPP Poll was conducted by mail the past two weeks, with 1,376 practicing physicians chosen randomly throughout the country taking part. Responses are still coming in, and doctors' positions on related topics — including the impact of an overhaul on senior care, medical school applications and drug development — will be covered later in this series.

Major findings included:

• Two-thirds, or 65%, of doctors say they oppose the proposed government expansion plan. This contradicts the administration's claims that doctors are part of an "unprecedented coalition" supporting a medical overhaul.

It also differs with findings of a poll released Monday by National Public Radio that suggests a "majority of physicians want public and private insurance options," and clashes with media reports such as Tuesday's front-page story in the Los Angeles Times with the headline "Doctors Go For Obama's Reform."

Nowhere in the Times story does it say doctors as a whole back the overhaul. It says only that the AMA — the "association representing the nation's physicians" and what "many still regard as the country's premier lobbying force" — is "lobbying and advertising to win public support for President Obama's sweeping plan."

The AMA, in fact, represents approximately 18% of physicians and has been hit with a number of defections by members opposed to the AMA's support of Democrats' proposed health care overhaul.

Four of nine doctors, or 45%, said they "would consider leaving their practice or taking an early retirement" if Congress passes the plan the Democratic majority and White House have in mind.

More than 800,000 doctors were practicing in 2006, the government says. Projecting the poll's finding onto that population, 360,000 doctors would consider quitting.
http://www.investors.com/NewsAndAnal...aspx?id=506199
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Old 04-09-2010, 07:47 AM   #2
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Default Re: 45% of Doctors Retiring?

hmmmm ...interesting...so basically what that tells me is only 1 out every 4 doctors are in it because they actually wanna help people and the rest are just after the money....
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Old 04-09-2010, 07:58 AM   #3
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Default Re: 45% of Doctors Retiring?

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hmmmm ...interesting...so basically what that tells me is only 1 out every 4 doctors are in it because they actually wanna help people and the rest are just after the money....
Yeah, I can't understand why anyone wouldn't be willing to go through 20 years of grueling schooling and training to wind up a couple hundred grand in student loan debt and then be willing to pay exorbitant malpractice premiums to make less than a plumber. What's not to love about that deal?
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Old 04-09-2010, 08:09 AM   #4
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Default Re: 45% of Doctors Retiring?

2 doctors among my siblings. 2 among nieces and nephews. The former have "had it" and are headed for the exit. The latter, rather than be the surgeons they were trained to be, went directly into research.

Atlas shrugged.
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Old 04-09-2010, 08:18 AM   #5
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Default Re: 45% of Doctors Retiring?

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hmmmm ...interesting...so basically what that tells me is only 1 out every 4 doctors are in it because they actually wanna help people and the rest are just after the money....
Well, why don't you go to your boss and offer to take the sane 21% pay cut you feel that doctors deserve? Unless of course you take no pride in your work and are only in it for the money.
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Old 04-09-2010, 08:45 AM   #6
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Default Re: 45% of Doctors Retiring?

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Well, why don't you go to your boss and offer to take the sane 21% pay cut you feel that doctors deserve? Unless of course you take no pride in your work and are only in it for the money.
i'm relatively certain i could adjust if my salary went from 1 mill a year to a measily 800 thou....

i mean it would be tough, have to really tighten that belt...maybe move from a 6 bedroom house to a 4 ... probably have to cut the maid back to 5 days a week....
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Old 04-09-2010, 08:52 AM   #7
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Default Re: 45% of Doctors Retiring?

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Originally Posted by fansince'76 View Post
Yeah, I can't understand why anyone wouldn't be willing to go through 20 years of grueling schooling and training to wind up a couple hundred grand in student loan debt and then be willing to pay exorbitant malpractice premiums to make less than a plumber. What's not to love about that deal?
Bingo! Socialist always want to punish the exceptional, except of course for those in the arts.


I've long sus[pected that by making sure actors, musicians, artists and athletes get to retain a lionshare of their wealth, they ( socialists) keep the support of the sort of prominent people the public looks up to. Thereby when actors, talkshow hosts etc.. talk ill of wealth accrued by businessmen in a free economy the public as a whole is receptive and blames the very people who do the most to create jobs for whatever the days socital problems might be.
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Old 04-09-2010, 08:58 AM   #8
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Default Re: 45% of Doctors Retiring?

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i'm relatively certain i could adjust if my salary went from 1 mill a year to a measily 800 thou....
I always told my kids, there are several fields you can go into that give you a "shot' at big money. Medicine is one, but like the others, few make the big money.

While it is true that some live comfortably, the popular view that doctors are "fat cats" is ridiculous. Doctors on staff are salaried. Doctors in practice have significant expenses. If one "pulls down" a cool mil, the business overhead, insurance and taxes leave an above average living, but not a rich man's by any stretch of the imagination.

What doctors do to become doctors would and does leave "the average" by the wayside. But we don't want "the average" being our doctors , now do we?

I don't begrudge any doctor what they earn, "earn" being the key word.

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Bingo! Socialists always want to punish the exceptional...
As another SFer wisely notes in his signature line, "Socialism is the philosophy of failure, the creed of ignorance and the gospel of envy". And here, "envy" is the operative word.
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Old 04-09-2010, 09:04 AM   #9
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Default Re: 45% of Doctors Retiring?

I'm not surprised to see overly simplistic opinions emerging in this argument. A lot of people just tend to knee-jerk and say "Oh well, they're rich, screw them!".

I recently read a story about a doctor who had $500,000 in student loans. She's rich, though, so screw her.

Doctors pay truly exorbitant insurance rates trying to stay one-step ahead of ambulance chasing leeching lawyers. But they're rich, so screw 'em!

The government has already woven an incredibly complicated system of oversight and regulation around the health care industry. There's a web of complexity and bureaucratic red-tape that decreases efficiency and drains doctors pockets already, and that's BEFORE this even more complicates bill takes effect. But, hey, they're rich...screw 'em!

Fact is, things disciplines like Family Practice are already on the outs because doctors simply can't make enough money to even cover their costs and overhead. This new bill will cut deeper into the profit margins. It's really very simple. If you MAKE $200,000 a year, but have to pay out $210,000 in overhead and taxes and insurance costs, you, um.....you ain't really rich.
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Old 04-09-2010, 09:08 AM   #10
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Default Re: 45% of Doctors Retiring?

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Originally Posted by Vincent View Post
I always told my kids, there are several fields you can go into that give you a "shot' at big money. Medicine is one, but like the others, few make the big money.

While it is true that some live comfortably, the popular view that doctors are "fat cats" is ridiculous. Doctors on staff are salaried. Doctors in practice have significant expenses. If one "pulls down" a cool mil, the business overhead, insurance and taxes leave an above average living, but not a rich man's by any stretch of the imagination.

What doctors do to become doctors would and does leave "the average" by the wayside. But we don't want "the average" being our doctors , now do we?

I don't begrudge any doctor what they earn, "earn" being the key word.
It never occurs to the lefties that when you destroy discretionary income from the upper middle class and rich that society as a whole suffers and job loss trickles down to the middle class. No one buys boats, goes to expensive restaraunts, goes to vacation resorts, etc.. and you can't understand that working class people are going to be out of jobs?
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