r/FluentInFinance • u/The-Lucky-Investor • 13d ago

“Medicare for All” would save the U.S $5.1 Trillion over 10 years Discussion/ Debate

https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion
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u/thicckar 13d ago

Wow. Do you have any insight into how medicare is viewed by the medical side? Like nurses, doctors and admins?

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u/soggybonesyndrome 13d ago

I have no problem taking care of adult Medicaid patients despite the disaster problems they often show up to my doorstep with.

However, after I pay my expenses in private practice, I lose money on that patient’s surgery. Therefore, I only reserve one Medicaid patient slot in clinic a month. I literally cannot afford to do more than that.

Medicare is approaching the same territory.

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u/tiger32kw 13d ago

My friend’s wife is a primary care physician at a corporate owned clinic. She has been out of school for 6 years. Last year she made ~$380,000 for the year not working overtime. Her company made > $5 billion in profits.

Your story might not be the same, I know there are plenty of other models and situations in healthcare, but I have a hard time sympathizing with her and her company making less money from their patients.

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u/limukala 11d ago

You can "not care" all you want, but if physician pay goes down, then you will get nowhere near the quality of providers, as many talented people will choose to pursue other careers. The already existing provider shortage will be exacerbated.