Absurd statement
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58% of our research funding is private. Nor do I want to see cuts to our medical research grants.
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It is not private research leading the way right now it HHS funded projects that are leading the way in innovation.
See government research tends to want find cures or long term solutions to ease costs.
Private sector tends to wants repeat business to maximize profits.
The evidence does not support this assertion. Doctors are intelligent and compassionate. They are not crazy enough to labor for less than they have invested.
Post your evidence. Thanks.
The evidence is that they are backing way from Medicare. Refusing to take new patients or purging patients entirely. That is not evidence of a sustainable business.
It is their compassion and charity that keeps the program status at less than crisis.
So which is it? Are doctors taking medicare or not? Pick a lane.
That doesn’t mean they’re loosing money in Medicare. It means they can make more money elsewhere.
My guess is that they would end up making it cheaper but not work nearly as well. The ROI would be way down. We would spend a lot of money, but not as effectively.
Thaen that is exactly what it means.
Can you be more specific?
I am with you I think Single payer would be interesting to try. I can see it being taken out of Taxes or something or a Healthcare Tax much like SS.
But I still fear the government is crap at managing a system like that.
Also you can tie your “Single Payer” Id into Voter registration as well.
We get a government ID card with our Healthcare number on it.
What about that government estimate it will cost around 32 trillion dollars over 10 years. With a population of 320 million men, women and children, that will cost each of them around 100k for 10 years. where do they get that money?
Are you for trump’s tariffs or ICE policies?
Not at all. Losing money is different than not maximizing.
It’s pretty simple.
Where do they get the money for the 40 plus trillion they are going to spend.
No, it isn’t. It’s called opportunity cost but it’s still losing money.
I’m aware of what opportunity cost is. The conversation wasn’t about opportunity cost. It was whether doctors can turn a profit off of Medicare.
Out of which orifice did you pull that number? Care to back it up with a source?
Turn a profit? Sure, a meager one. Here is some quick math on the subject.
Medicare reimburses office visits at around $85 per visit [1], though precise reimbursements vary by region. At $85 per visit, a primary care physician seeing nothing but Medicare patients could expect to receive $293,760 in annual reimbursements. Subtracting out the physician’s annual overhead provides an estimate of the physician’s salary. According to this physicians’ overhead spreadsheet, 50% is a good target for a primary care physician’s overhead. Overhead cannot fall below 100-150k for most physicians, as many expenses are fixed. This would leave our example physician with net income of roughly $147,000 annually.
Note he had to resort to ten hours a day to get to that figure. So, if we had Medicare for all, how many physicians do you think would opt in for that amount of pay? Hardly the pay out Inwould find acceptable for that many additional years of schooling.
And if he took all Medicaid’s patients he would only make 26k a year.
