Medicare just announced its new round of pay cuts for physicians. The Centers for Disease Management (CMS) plans to cut pay for doctors 10% next year and 40% over the next 9 years! Isn't that exciting? I know you would be thrilled if you heard that regardless of how hard you worked or how much you strove to improve yourself you were guarantedd to get a 40% pay cut over the next 10 years. Doctors are reacting the same way!
More than half the doctors surveyed said that they are no longer going to continue developing their ability to enhance their practices. In fact 16% said they will likely stop practicing altogether. I can't blame them. I stopped participating in government medicine 7 years ago and have been happy about it ever since. All doctors should recognize the dire straits that patients are placed in by this foolish system that punishes patients and doctors for excellence.
Socialized medicine will put all the power for decision-making in the hands of our elected politicians. I can't wait to see what kind of pay cuts we'll be looking at then. I've always dreamed of owning a sandwich shop. Now may be the best time to diversify! Sorry about that, CMS!
