Thursday, January 5, 2012

Best-Kept Secret

An article today on CNN Money exposed a well-known — and worrisome — secret in the medical community: Many doctors are going broke.

CNN reveals that half of all U.S. physicians work in private practices. When these practices go under, communities are deprived of crucial health services.

The article says plummeting reimbursement rates from Medicare and private insurance companies, combined with increasing health care costs and regulations, force doctors — especially family physicians, cardiologists, and oncologists — to dip into personal savings and burden themselves with debt to keep their practice afloat and continue taking care of patients.

Read the full article at CNN Money.

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