Medicine, Doctors, and Bankruptcy
Hmm, I must admit that this ARTICLE is curious. The increase in bankruptcy’s for medical doctors here in the USA. Obviously the overall numbers are still significantly smaller when compared with other fields, but what do you think of it? Coupled together with the information regarding Doctor Salaries, I find it even more curious. Sure our changing healthcare system over the last decade can be blamed for some of the problem; however, I think something else may be at play here.
I wonder if medical doctors need to get used to simply making less money? Maybe they should sell that 3 rd house in Tuscany. Ouch. That was pretty mean, right?
Thoughts?
I find it very surprising and shocking because of the general knowledge that doctor’s make a lot of money. According to the article the cause of this is because the economy has forced patients to visit doctor’s less and doctors blamed “shrinking insurance reimbursements, changing regulations, and the rising costs of malpractice insurance, drugs and other business necessities for making it harder to keep their practices afloat.”
I agree and think that doctor’s need to acknowledge these changes in society and make changes themselves in regards to their budget. I honestly don’t think many people will feel to sympathetic for doctors who declare bankruptcy and have to give up some of their luxuries.
Reading this shocking article just opened my eyes to how tough times really are for everyone. The decrease in the economy is not only affecting lower class personnel but now also those of higher class such as doctors. The reasoning for it is very understandable. It’s a cycle. Those without insurance or good insurance to go to the doctor are not scheduling more appointments because they don’t have the money or the means to pay the co pay for that visit, let alone for a major procedure. It is saddening to read but it is realistically what is going on in the world. Everyone is falling victim to our failing economy.
I also was very shocked when reading this article because it really exemplifies how terrible our economy is. Since many people do not have the money to visit the doctor regularly or get prescribed medication when they need it, doctors are losing out since their patients are cutting back. As an example, I know someone who is a doctor and his firm got bought out by another larger firm which then cut back their pay by almost half. Doctors can also help themselves in these tough times by not spending their money carelessly. I think the economy is something that is hurting everyone at the same time.
The fact that there are a lot more files for bankruptcy kind of surprises me but now thinking about it, some doctors do move to different sites due to either the insurances wont cover their charge therefore, no one is willing to go to the doctors. I know I won’t go to the Doctor’s if I can help it because they do cost so much and I just don’t have that money. The economy is falling and the doctors are paying the price because they are the ones with money, I agree with the comment above–the falling economy is affecting everyone, even doctors.
I do think that doctors need to get used to the economy as it is now, but I also think that the amount of money that needs to be spent in order to keep a doctor’s office up and running is probably very expensive. Normally we only hear about the low-income families who are affected by the struggling economy, but this really shows that literally everyone is effected in one way or another. I know that from my own personal experience I tend to get medicine from off the shelf just because it’s cheaper and doctor’s visits are very expensive. More and more people are doing this because their insurance either doesn’t cover what they need or they have no insurance at all. This obviously affects doctors since they are not getting as many patients so it is harder to keep their businesses afloat.
I agree and think that doctor’s need to acknowledge these changes in society and make changes themselves in regards to their budget. I honestly don’t think many people will feel to sympathetic for doctors who declare bankruptcy and have to give up some of their luxuries.
I didn’t know that bankruptcy was becoming so common among doctors in today’s society. After reading the two articles, I’m not really surprised by the reasons that they are. People can’t afford medical bills anymore. There are so many companies that don’t offer health insurance, and this is unfortunate for a lot of people. In my opinion, we should not be sympathetic for the doctors, but rather the patients. There are doctors in other countries, noteably Europe that work for a lot less but still make a decent amount of money. In many places, there is universal healthcare. Although some people are highly opposed to this, it would prevent doctors from bankruptcy and it would save people’s lives.
I find this article to be very surprising, like anyone else would. However, I don’t really have any sympathy for doctors who declare bankruptcy. First off, these people have gone through numerous years of schooling, including med school, and I would hope be regarded as some of the smartest people within our society. They make plenty of money as it is, and should not have a problem affording a typical American lifestyle. Of course, you don’t go bankrupt by living a normal lifestyle. I don’t really understand why more doctors can’t be smarter with their money. Is it even necessary to have more than one house?