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The overhead of insurance companies are minimal. Less than five percent of the overall spend (edit: this is wrong, it is more like 8%, see [1]). As much as you
by jamesaguilar 13y ago
The overhead of insurance companies are minimal. Less than five percent of the overall spend (edit: this is wrong, it is more like 8%, see [1]).
As much as you prefer to think of your uncle as the good guy and faceless insurance companies as the bad guy, a big part of the problem is he makes between 150% and 200% what his European and Canadian counterparts make. http://economix.blogs.nytimes.com/2009/07/15/how-much-do-doctors-in-other-countries-make/ http://economix.blogs.nytimes.com/2009/07/15/how-much-do-doc.... Ahmdahls law makes it nearly inevitable that we'll pay doctors less if we want to reduce our overall costs.
1 http://tbd-consulting.typepad.com/healthcare_talent/2010/09/breakdown-of-us-spending-23-trillion-yearly-for-heathcare.html http://tbd-consulting.typepad.com/healthcare_talent/2010/09/...
- zanny 13y agoAnd I'm not saying his practice went under exclusively from insurance companies. And it wasn't how much they were taking, it was more that it took them months to actually pay him for services rendered, and it consumed tons of time to just keep track of who hasn't compensated him yet (besides copays). And medic___ were just as slow. He might have made it all up, was living it lavishly and just lied about it, but it seems like that would be hard to hide from the extended family. He's had the same car for 8 years now, and his wife works. But he was still a general practice doctor in Augusta that closed his practice and went to work elsewhere for some reason, and if he was making a lot of money, it wasn't showing in how he was living (one house he had for 20 years).