@LevelUp975 Private equity, publicly traded company profits in hospitals and insurance are definitely big drivers. Healthcare is the largest industry in the US w/ boomers driving up demand and fewer med students. Student loans avg 350-500K & 10-12 yrs of post high school work.
@LevelUp975 There are a lot of factors that have led to this. One thing I can say is it’s not physicians ripping you off. Insurance rates paid to doctors are based on Medicare. Medicare in my specialty has been cut 25%-30% before inflation over the past 25 years. W/ inflation around 45%.
@LevelUp975 Practices are sold to private equity unfortunately in most case because of cash flow needs. Docs want to get out of management and just get a paycheck without the hassle . Private Equity jacks up prices and pulls money out. Private Equity definitely doesn’t help.
@LevelUp975 They have tried moving to the quality incentives but little has changed. Staff cost rise and reimbursement continues to be cut by Medicare which drives insurance reimbursement rates. This requires further volume increase just to stay even. Docs retiring w/fewer going to Med Sc.
@LevelUp975 100%. The devil you know versus the devil you don’t. Where do people think the revenue is going to come from to pa for schools, roads, police, fire,etc. If it’s not property tax it’s going to be tax on something else. Gas and sales tax would go up significantly.
$31 million in buyouts. 1-for-7 on hires. Multiple scandals ignored. This is Scott Stricklin's record at UF. https://t.co/hr9m0RoxqR #FireScottStricklin
@LevelUp975 100%. We haven’t had a balanced budget or surplus in 25 years. We have multiple tax cuts mostly for the wealthy and business without subsequent cuts in expenses. Boomers retiring driving up cost of SS and Medicare. It’s not rocket science.
@KeithMcCullough Totally calm today. Lost a little today but raised cash last two days and even more this morning. Ready to deploy when the signal comes but not before.