Physicians and the Dangerous Implications of Obamacare written by: Anastasia0519
It is no secret that the medical healthcare profession will always have a future in the United States. The fact of the matter is that people are always going to need healthcare and thus med-ped jobs are perpetually going to be in high demand.
If an individual examines the Forbes list of America's best- and worst-paying jobs, they will notice that the top 15 spots are dominated by individuals working in med-ped jobs every single year. Additionally, physicians in the US earn an average income of approximately $186,000 annually, which is substantially greater than many other Western countries such as Canada, the UK, France, and Australia among others. The income among Americans in med-ped jobs can vary somewhat based upon their place of employment. For example, individuals who are employed in hospitals earn the most, whereas While private practice employees earn slightly less, and finally least those with their own practice generally earn the least.
Although the position of those in med-ped jobs has generally been favorable throughout the years, there is a new problem faced by medical healthcare professionals in the United States, and that is the introduction of the patient Protection and Affordable Care Act, or Obamacare as it has colloquially been termed. Doctors and patients alike are facing difficulties with the implementation of this bill, as it forces medical practitioners to take a vast cut in their pay as well as making them see a greater number of patients.
Essentially, what the law entails is that individuals who have no health care insurance can apply for Medicare or Medicaid, which is a welfare program administered by the state and federal governments. It is estimated that between 18 and 34 million people will request age in the next 10 years, making the government's role in regulating and Financing reach an unprecedented level.
The detriments to those in med-ped jobs from such an action is that they will have to rely on government reimbursement to cover their costs and wages, which has a reputation of being unreliable and far beneath the amount earned in the private health sector. As an example, physicians' payments for Medicare are 81% of private payments while payments for Medicaid are 56% of private payments.
There is no doubt that Obamacare is creating a large void that has to be filled by individuals employed in med-ped jobs. How is this going to be remedied? Considering the average payment per Medicaid patient is $20 and hourly overhead cost for a doctor is about $280, physicians are going to have to offset the costs they incur by seeing a staggering number of patients every just about every hour. Those in med-ped jobs suffer because they have a strenuous work load while patients suffer because they do not have the individualized, thorough attention they desire.
Although Obamacare poses certain problems for individuals in physician jobs, it cannot overcome the fundamental truth that healthcare practitioners are a necessary and permanent part of the economy. There is already a movement of physicians refusing to partake in Medicare, and the numbers are growing. Because of the dire need that exists for individuals in med-ped jobs, the Obamacare law will undoubtedly have to remedy its parameters in order to adequately facilitate the requirements of the medical healthcare profession.