jsanders
If I Only had a Brain
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- Jun 2, 2005
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Selena, Selena, Selena,
Well it’s not in my nature to pulverize women, so I won’t, but part of why our system is in such a mess is because of gross misconception like that.
Proof, that the insurance companies are doing their jobs, in the spread of disinformation.
Here’s some facts for you.
There are two basic economic entities from which all American and for that mater global economic growth are derived.
Banks and Insurance Companies.
I will be more than happy to expound on macro economics later but for now we’ll stick to Drs.
US doctors that do non-elective procedures are 100% dictated by the insurance carriers, they must run their practices on what the insurance companies pay them or charge the patient.
When’s the last time you paid your doctor other then the co-pay?
Doctors in private practice are in serious danger of becoming extinct. We see this already in OB-GYN, where the high cost of malpractice insurance rates, the extremely slow pay of the insurance companies, and the cost squeezing by insurance carriers is driving them out of business.
Question.
If you ran database firm and your revenue was 4.5 million per year, what would you expect to earn as the owner of that business.
Well if it’s a regular business, run with normal cost saving efficiencies you could expect to make between $400,000 and $800,000 or as much as $1,000,000 if you operate it properly.
A typical OB-GYN of that size, that delivers 50 or so babies a month, employees 5 mid-wives, about 15 office staff including lab, and 2 Gynecologists, one of which is the owner of the business, makes the owner $250,000 a year including his salary as a doctor and his ownership of the business.
Now where is the outrageous cost in that scenario?
Well it’s not in my nature to pulverize women, so I won’t, but part of why our system is in such a mess is because of gross misconception like that.
Proof, that the insurance companies are doing their jobs, in the spread of disinformation.
Here’s some facts for you.
There are two basic economic entities from which all American and for that mater global economic growth are derived.
Banks and Insurance Companies.
I will be more than happy to expound on macro economics later but for now we’ll stick to Drs.
US doctors that do non-elective procedures are 100% dictated by the insurance carriers, they must run their practices on what the insurance companies pay them or charge the patient.
When’s the last time you paid your doctor other then the co-pay?
Doctors in private practice are in serious danger of becoming extinct. We see this already in OB-GYN, where the high cost of malpractice insurance rates, the extremely slow pay of the insurance companies, and the cost squeezing by insurance carriers is driving them out of business.
Question.
If you ran database firm and your revenue was 4.5 million per year, what would you expect to earn as the owner of that business.
Well if it’s a regular business, run with normal cost saving efficiencies you could expect to make between $400,000 and $800,000 or as much as $1,000,000 if you operate it properly.
A typical OB-GYN of that size, that delivers 50 or so babies a month, employees 5 mid-wives, about 15 office staff including lab, and 2 Gynecologists, one of which is the owner of the business, makes the owner $250,000 a year including his salary as a doctor and his ownership of the business.
Now where is the outrageous cost in that scenario?
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