Doctors going broke

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BDKJMU
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Re: Doctors going broke

Post by BDKJMU »

kalm wrote:
travelinman67 wrote:
I'm not disputing the physicians' desire to amass wealth. I'm pointing out that the way to amass wealth is through proper management ("production"/marketing) of their skill/knowledge. Building a facility out of gold on the most expensive land in the region adds nothing to the P&L. They'd be better served building a facility designed to maximize service (efficiency) and minimize capital outlay.
Our nation is at this crossroads with healthcare principally because the industry has focused more on the Balance Sheet and managing unbeforeseen (uncollectable/unsupportable) receivables, resulting in a consumer backlash. Govt. funded healthcare costs are a small component of the motivation to reform the industry: The govt.(leadership) truly isn't committed to reforming the industry, for many reasons, primarily because it isn't THEIR money being spent.
Nice work on this thread T. :thumb:

The problem is that everything about the industry from education costs, to infrastructure, to pills, to insurance is inflated.
The problem is that people have no concept of cost. Go to the doctor's, pay a co pay (and in some cases of people with cadillac health care plans, nothing), and walk out. What good does that do in controlling costs?

If health care was like your car, with insurance covering only major stuff (like an accident with your vehicle) and prices for procedures were advertised & posted, just like when people take their vehicle to a service station and repair prices are advertised & posted, and people paid for it themselves out of pocket (or through medical savings accounts), just like they do at a service station for their vehicle, then people would have a concept of medical costs. Instead, most people have no fu**king clue, and therefore, no incentive to control costs.
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Re: Doctors going broke

Post by kalm »

BDKJMU wrote:
kalm wrote:
Nice work on this thread T. :thumb:

The problem is that everything about the industry from education costs, to infrastructure, to pills, to insurance is inflated.
The problem is that people have no concept of cost. Go to the doctor's, pay a co pay (and in some cases of people with cadillac health care plans, nothing), and walk out. What good does that do in controlling costs?

If health care was like your car, with insurance covering only major stuff (like an accident with your vehicle) and prices for procedures were advertised & posted, just like when people take their vehicle to a service station and repair prices are advertised & posted, and people paid for it themselves out of pocket (or through medical savings accounts), just like they do at a service station for their vehicle, then people would have a concept of medical costs. Instead, most people have no fu**king clue, and therefore, no incentive to control costs.
Agreed. But why don't the insurance companies do a better job of controlling costs?
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