"If you value what you do in private medical
practice, your attention should be focused
on making as much income as possible
over the next few years to enable you to
retire with a substantial retirement fund."
Our healthcare system does have a severe pending catastrophic problem.
The quality of healthcare by any standards, is decreasing rapidly in quality and availability.
There are a few examples that demonstrate that clearly.
Medical Boards (State government appointed individuals that punish physicians for medical practice violations) are now dictating to physicians what they can do and cannot do in healthcare. The Boards have unrestricted powers and make up their own rules along the way and have gone beyond the established activities and standards set by law.
The best example of that, during the Clovid Pandemic, physicians were forbidden to prescribe two drugs that were known to be effective for reducing the serious consequences of patients infected with the virus. There was no law requiring that; no medical standards that forbid the treatments using those drugs. It was dictated and followed by threats.
Dictating to medical doctors in their own state what they are allowed and not allowed to do—means deciding the standards of medical practice—goes far beyond their official limits.
I read a newspaper article recently insisting that the “residency training slots” normally available to, and filled by, American doctors were being handed to out-of-country medical school graduates. Could it be that we don’t have enough American applicants of our own to fill those slots?
A bit of deep thinking and research here will tell you that it’s true. Did you know that today almost half of medical school classes are allotted to foreign students? The other half is filled with women. For the last century medical school classes were almost entirely filled with American males. What’s happening?
This rough statistic folds out into what you are seeing daily in our nation when you are in hospitals or doctor’s offices today. There certainly is a need for greater numbers of physicians in our country to care for the increasing population as well as the older aged population that evolved from post-World War II babies.
Do our 174 accredited medical schools produce enough doctors? What about the other unaccredited medical schools in our nation?
Studies show that there is a decreasing number of practicing medical doctors. One cause for that is the increasing attrition of American doctors that are fed up with what’s happening to them by the government. Another part of that is the fact that about half or women physicians practice only
part time.
You may still be wondering why American males are no longer applying to medical schools? Most likely, they have discovered the truth. The truth is that college males have learned that they can gain a far more profitable future in professions other than in the medical profession.
Here we are now back with the MONEY problem mentioned early in this dissertation.
The political bear traps...
1. Physicians in private medical practice make far less money but have the freedom to practice as they want.
2. Physicians that are employed earn far more money but are constantly restricted in what they are allowed to do in medical practice.
3. Thousands of physicians (stats are hidden) over at least the last 7 decades have lost their private medical practices for financial reasons. This is caused by physician's business ignorance—remember, 98% of them. They don’t know how to manage a business profitably and don’t have the business tools and knowledge to use to get themselves out of their perpetual financial quicksand.
This single factor ignites the core-cause of the disintegration of the medical profession—Deficiency of appropriate income during their medical careers.
4. The destructive consequences of not being able (prevented from) to make enough income--for the above reasons are…
A. Physicians in private medical practice never make enough money to satisfy their original medical
school expectations for their medical career.
B. Physicians have never in their medial education been told or advised by any premed or medical
school academic of the outstanding advantages that a business education adds to their medical
careers—especially their incomes. They learn about that later as their practice financially fails
underneath them, when it’s too late to do anything to save their practice. They are forced to
become indentured physician employees.
C. When our government intentionally creates laws and mandates—like physician fee restrictions,
increasing, competition for patients from Managed Care Facilities, and enforcement of
electronic records mandates among other things—the process of earning enough money for
survival is almost impossible. The government plan for destruction of healthcare and the medical
profession continues towards victory.
Business experts across our nation all understand and agree that the present infrastructure of the medical education system needs a massive overhaul regarding the business side of
medical practice.
Brilliant minds acknowledge this major financial deficiency that physicians are suffering through. I’ve been told by one of the most brilliant business educators, offering me friendly advice, that I should not waste my time trying to change a system that has been embedded so deep into the medical education system that it can’t be changed.
Maybe he was right. For the last 18 years I have not given up on the expectation that he was wrong and that something can be done to force medical schools to offer or provide a formal business education for all medical students. That would be a fantastic and critical objective
to accomplish.
When I think about it, if government takes control of the medical education system, it would be in position to do to with medical education the same as they have done to the medical profession and healthcare.
The government could accomplish what I think needs done. Like create laws that mandate medical schools to include a formal business education for all medical students. If and when that happens, it will likely be the result of a continued destruction of healthcare as we have known it in private medical practice.
On the other hand, it is also likely that the opposite will happen. I doubt if our government or congress would ever attempt to do anything that would increase the business knowledge of anyone, including medical doctors. Business ignorance enables easier governmental control.
If you compare the stock market to our congress, there are similar patterns of actions that inevitably affect the economic welfare of every person, business, and the whole economy. In both cases, there is a pronounced effort to maintain a large number of monetary system secrets from the general public. They travel in the world money stream making use of tactics and procedures that are rarely made public to earn outrageous amounts of income covertly.
The lessons I’ve learned about money management, everyone should know. But again, government probably doesn’t want people to know. The proof of this is clearly visible in our lower education school system.
Of all the classes taught in grade school, high school, and even in college, the one topic that is lacking, or intentionally locked-out, are those concerning money management and the economic and business principles all people should know about. There must be a reason for that--right?
Yes—the medical profession is not the only industry taken over by our government—like taxes, religion, railroads, among others.
The conclusion that seems obvious, is that if you find great advantage in taking over one element of our foundational businesses, there likely is an even greater advantage to take over as many
others as possible.
If physicians don't make any effort to counteract our government takeover of healthcare at least they should at least ensure that their children receive an excellent education in money management, business, and economics starting at an early age.
----Professional Probe----
"Encourage your kids to learn everything
they can about money and business. Because
all money is derived from business, make it
important for them to understand that."
Articles©2013-2022/CGG INVESTMENTS LLC. All rights reserved. #105, 3-16-22
