The Medicare Crisis. How Health Care Reform Affects Doctors & Patients. (Video)
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Somewhere between the years 2015 and 2020, Medicare will become bankrupt.
In 2030, 76 million Americans are expected on Medicare. The entitlement programs of Medicare and Medicaid account for 23% of all government spending.
Conversely, the amount of qualified doctors is shrinking. There appears to be an increasing number of job positions for doctors, although we may reach a point where there aren’t enough doctors to fill all the roles.
The resultant cuts to Medicare trickle down and affect the entire healthcare system. The solutions are grim:
- Raise taxes for all Americans
- Increase out of pocket costs in Medicare.
- Reduce physician reimbursement
On January 1, 2012, the cuts begin. A 21% (29.5 by some estimates) Medicare cut will decimate doctor’s earnings, regardless of a physician’s office overhead.
Medicare doctors, after all the expense of student loans and years spent in residency, are forced to become a patient mill to break even in their practice.
The incentive to study medicine and take up hefty student loans, and establish a general practice after years of schooling is further eroded, as a mechanic, real estate agent or plumber will earn a substantially higher income than an average doctor.
Everyone suffers, especially if doctors continue to leave Medicare. Seniors lose access to their doctors, and families lose access to a physician they have come to trust.
The date looms: January 1st, the new 2012 Medicare reimbursements which will decimate the earnings of physicians and create huge problems for patients.
Doctors can expect a reduction of 50% or higher in their income, and patients can expect to lose their physicians who scrap their participation in Medicare.
The solution for worried physicians is converting their existing practice to a personalized concierge-styled office with the help of SignatureMD.
SignatureMD concierge healthcare service company is actively partnering with the best physicians in cities and states all over the USA. Their doctors have enjoyed the streamlined conversion of their patient rosters as a new business model for running the doctor’s office ensures a growth in income.
SignatureMD is dedicated to enhancing the bottom line for doctors who have worked hard to serve their patients and keep their practice happy and healthy. State-of-the-art tests, diagnostics, well-care benefits and thorough executive physical examinations are just part of the bonuses a patient who signs on with SignatureMD receives.
SignatureMD physicians are given the gift of time to once again get to know and help their patients, and be available to them as they need, and never to play the waiting game again, hearkening the family doctor relationship of the days long gone.
Since 2006, SignatureMD has set the gold standard for care in the field of personalized care (concierge medicine). As a SignatureMD patient you will enjoy the luxury of personalized professional attention, leading edge medicine, breakthrough technology and the expertise of dedicated physicians invested in your well-being 24 hours a day, 365 days a year.
Personalized medicine affords you the comfort and security of knowing that your personal physician has time for you to know your health, and manage any chronic health issues like Dsiabetes, Alzheimer’s, ADHD, ALS, obesity, cancer, MS or just help with normal change of life issues proactively. SignatureMD concierge doctors strive to make you as healthy and vibrant as possible today so that you can get the most out of life tomorrow and for the next twenty, thirty or forty years.
With offices in Los Angeles, SignatureMD (signaturemd.com) is one of the nation’s largest firms providing initial conversion and ongoing support services to concierge medicine physicians. SignatureMD currently partners with over 200 affiliated primary care physicians and specialists across 35 states, and its network is rapidly expanding.