Author Topic: Doctors Going Broke  (Read 991 times)

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Offline TVDOC

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Doctors Going Broke
« on: January 23, 2012, 02:04:22 PM »
http://money.cnn.com/2012/01/05/smallbusiness/doctors_broke/index.htm?hpt=hp_t3&hpt=hp_c1

Quote

NEW YORK (CNNMoney) -- 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.

"A lot of independent practices are starting to see serious financial issues," said Marc Lion, CEO of Lion & Company CPAs, LLC, which advises independent doctor practices about their finances.

 
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More at link......

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Offline Eupher

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Re: Doctors Going Broke
« Reply #1 on: January 23, 2012, 02:05:09 PM »
Unintended consequences?

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Offline JohnnyReb

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Re: Doctors Going Broke
« Reply #2 on: January 23, 2012, 02:07:22 PM »
Everyone thinks they have a "RIGHT" to free medical care...Obie-Won told them so.
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

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Offline Gratiot

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Re: Doctors Going Broke
« Reply #3 on: January 23, 2012, 02:10:11 PM »
I've always been a bit bewildered with the inherent inefficiency in having so many doctors running private practices.  

Note, that's not an attack on private business or capitalism, just the inefficiency and overlapping costs which drives up the price of medical care in this business model.