The passage of the national health care reform bill, although shocking that it passed, has forced doctors to make career decisions they never thought would face them. The health insurance industry is radically changed now that the government has taken it over. This national health plan is going to be just like the Medicare program which for years has been a non-profitable patient base for doctors, because it has always been the lowest fee schedule of all insurance plans. This new plan is just a Medicare program for people not old enough to be on the original Medicare plan.
The reimbursements to physicians for patients on the national health plan appeared good for doctors at first because they said it will be 10% above Medicare rates. The problem is that the first thing the government is going to do is implement Medicare reimbursement cuts of 21%. The reimbursements from private insurance companies will be drastically decreased because the rates of reimbursement are based on Medicare rates, so all insurance companies will follow suit by decreasing their fee schedules.
The private health insurance industry is also radically changed because the government has taken control of them also by dictating what benefits can be offered to their policyholders. Not only will the government control what procedures are done and when they get done in the national health plan, but soon they will also have the same control over the policies of private insurance companies.
Doctors are facing big decisions of whether or not to even treat Medicare patients anymore and whether or not to be a part of the national health plan. It will not be a good situation to have government control of physicians. If treatment options and procedures are controlled and rationed by the government, and income for the physicians is sharply decreased, it doesn’t make for a very good business decision for the doctor to participate. The job of a physician is to care for patients but the doctor also has to run a business, his practice, or there won’t be an office and staff to treat the patients. There is an overhead expense per patient seen in the office and income must surpass that amount or the doctor will be out of business. Most of the public, and most politicians, don’t stop to think that a doctor’s office is a business first, allowing the office to be able to treat patients. If a business loses money with a certain procedure or product it will eventually go bankrupt, and trying to make it up in volume will only push it into bankruptcy faster. Some doctors are looking for alternative career choices.
There is an opportunity for doctors to earn a very lucrative income from home as a secondary stream of income or as their new career. There is an awesome internet marketing system and support team that makes it virtually impossible to fail if you just put out the effort, no matter how bad your computer or internet skills are. No staff, no overhead, no insurance companies, no attorneys, no paperwork and no stress.
My name is Geoff Pirtle and I am a doctor. I am seeing this radical change in the health care industry first hand, I speak from experience. To find out more about me and some free information about personal and professional success and mindset visit http://www.geoffpirtle.com, you can also check out the opportunity for true wealth creation and wealth accumulation strategies that I previously mentioned.