Why Should Anyone Bother Becoming A Doctor After Healthcare Reform?

By Robert Fredricks Posted in Health Insurance News



The whole premise of this sham of a healthcare reform was to a) insure more people and b) save money. Well we already know that money in fact won’t be saved, even the CBO admits this, so this is an expensive reform; with the plans to start taxing now just so there will be some money there in four years when the public supposedly will then get some benefits. The, “I’ll gladly pay you Tuesday for a hamburger today” approach.

Forcing Doctors To Work For Less

There is no way to avoid it, and the politicians aren’t saying it but the only real way to do what they want to accomplish is to force doctors to work for less money. Doctors already lose money on Medicare and Medicaid, in fact that’s a large reason why those with insurance see their prices rising, to offset the low reimbursements received from these government insurance plans. So what happens if the majority of folks are on low reimbursing insurance plans? The logical result will be doctors, and of course by default all healthcare workers, will earn less money.

Why Become A Doctor

Why in the world would some of our brightest, go through four years of college, then four years of medical school, and three years or more of residency, resulting in six figure debt, and many years of extra education which keep a potential doctor out of the workforce that much longer. The stress in medicine is high; in fact doctors as a group have a very high suicide rate.

So why would a potential doctor decide to undertake all this debt and difficulty when the writing is now on the wall that they will make even less money and of course will be taxed more. The lowered salaries will likely result in a lesser class of doctors as medical school probably won’t be quite as competitive as those who had the fortitude and brains to pursue this career realize it’s no longer a good ROI.

Related posts:

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  3. Put The Extra 1.9T Into Unemployment Jobs For The Healthcare Industry?
  4. Obama Healthcare Summit Political Hot Potatoes For All Involved?
  5. What Is Public Health Insurance?






2 Responses to “Why Should Anyone Bother Becoming A Doctor After Healthcare Reform?”

  1. xu says:

    The ‘high cost’ of medical school is a mirage. Most med student loans are public loans.

    True most medical school graduates end up with 150k+ worth of student loans but, again, most of those loans are ***PUBLIC*** student loans not private loans.

    And there are a lot of programs to help borrowers (med school or not) pay off public loans.

    Look up ‘Income Based Repayment’. Its a program (for public student loan borrowers) that limits monthly payments to 15% of your monthly gross salary. So somebody with $150K in student loans can still be okay making $60k/year (because again under ICR payments are limited to 15% of monthly gross).

    And after 25 years of repayment, all the student debt is forgiven.

    The limit for public loans for med students is $190k so for most med school graduates almost all their student debt is in the form of public student loans.

    Also, for public student loans there’s the ‘public service’ program- if a borrower works in the public sector for 10 years their public student loans are forgiven.

    There’s some other programs to help people with public student loans.

    Its not as bad as it initially seems as far as med school debt goes.

  2. Layton Lang says:

    Robert,

    Your article is grossly misleading. Since the dawn of managed care penetration , the allowable amounts being paid to physicians have been going down. Physicians have been paid less for their work for the past 20 years, but their take home pay has actually risen. How is that? It’s because medical practices are operated like any other industry; they learn to adapt by operating leaner and diversifying business lines. So, when you opine that physicians are being paid less and no one will want to go into the profesion is false. What is a fair wage to be a medical doctor? If you compare salaries to physicians in other countries, then the pay scale is very high. My point is, years from now, new residents coming into private practice will not know what “the good old days” were like.

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