Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 05-27-2015, 08:32 PM   #21
Thinks s/he gets paid by the post
Join Date: Dec 2014
Location: Florence, AL/Helen, GA
Posts: 1,229
Physicians are in business to treat people and get them well. They're so frustrated now that Medicare dictates to them how much they're going to pay for services, and they have to often fight Medicare to get them to pay for specific tests for their patients. Doctors get frustrated spending hours per week on the phone arguing with Medicare administrators--that are not even government employees.

And when they charge Medicare for a simple little CBC test (for white blood cells,) they receive virtually nothing for their time and their office's time.

Many doctors talk of refusing Medicare patients. But when it gets down to it, they'd be out of business trying to doctor the 20 and 30 year olds.

When doctors get to the point that they quit Medicare, they'll also be quitting being physicians. My wife already has one 55 year old doctor that's running a coffee shop in Memphis.

It's a shame that doctors never figured out they're middle class. The cost of keeping up a big house, two nice cars and sending the kids to private schools just about takes what most doctors make. Most physicians don't have the cash flow to 100% fund a substantial retirement program, and even fewer make good investment decisions. That causes doctors to work into their late 60's or 70's while their friends have retired 10-15 years earlier.

Bamaman is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-27-2015, 08:37 PM   #22
Thinks s/he gets paid by the post
Join Date: Dec 2014
Location: Florence, AL/Helen, GA
Posts: 1,229
Originally Posted by SarahW View Post
I've only been on Medicare for a month or so, but so far I am not impressed. I wish I could have stayed with my Aetna HMO. I do not have a warm fuzzy feeling about the doctors I'm finding available to me.
We're the same age. By going on Medicare and getting my ex-employer's Medicare Supplement, my paycheck just increased about $250 per month.

I still have superior health coverage than most of the public, and I am very thankful for that. As a type II diabetic and having a wife that had female cancer, we'd be uninsurable on the open healthcare market.

Bamaman is offline   Reply With Quote
Old 05-27-2015, 08:45 PM   #23
Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,629
I'm not on Medicare yet, but the '12 MedPAC study and 2013 Kaiser report describe a WHOLE lot rosier picture than the recent experiences of my older relatives in multiple regions of the country. Examples: One close relative of mine had a HUGE difficulty finding ANY orthopedist who would care for her (via ER referral) after she had a serious knee ligament injury falling on the ice. Another waited 2 months to see any neurologist accepting new Medicare patients. In the same regions, other younger relatives with private insurance needing same specialties were seen within a week. And those regions all have well over 90% of docs reportedly accepting new Medicare patients (according to Kaiser article).
BTW- Kaiser article is not new data but a "synthesis" of prior studies with some of the material presented dating back 5-6 years. The overall US healthcare market has changed markedly in that time, and possibly Medicare has too.

ERhoosier is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Opting-out of auto "No-Fault" insurance -- legally? gauss FIRE and Money 22 03-31-2015 02:28 AM
Feds to allow use of Medicare data to rate doctors MichaelB Health and Early Retirement 3 01-17-2012 11:21 AM
Texas Drs opting out of Medicare Oldbabe Health and Early Retirement 4 05-19-2010 03:03 PM
Should I worry about asset protection? Olav23 FIRE and Money 10 08-01-2007 09:49 PM
Cashing in, Opting out moghopper Life after FIRE 0 08-28-2005 06:15 AM


All times are GMT -6. The time now is 02:44 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.