How you can get rid of the ‘lame duck’ doctor
A lame-duck doctor may seem like an anomaly, but it’s a growing trend.
More and more doctors are opting out of Medicare, the federal government health insurance program for the elderly, for other reasons, including lessening the strain on the economy and saving money.
For many of us, this will mean a reduced workload, fewer patients, fewer doctor visits, fewer paperwork, fewer visits to doctors, fewer testing, less time on call and less need for overtime.
But some of us may not want to do that.
A recent report from the Kaiser Family Foundation and the Commonwealth Fund found that many of the doctors who choose not to take advantage of Medicare will see their compensation drop by $12,500 over the next 10 years, and many will see the cost of treating their patients increase.
The report also found that Medicare doctors are expected to earn an average of $1,500 less in 2020 than they did in 2020, and they’re projected to earn $8,000 less over the course of the decade.
It’s not that we’re getting poorer, it’s that we’ve lost a lot of doctors.
“Physicians who choose to not take advantage are less likely to get to practice as they would like to and less likely are to continue to work in that field,” said Mark Beaumont, chief economist at the Kaiser Foundation and co-author of the report.
“They’re less likely than the general population to find jobs in the health care sector.”
That’s not to say there aren’t some doctors who might choose to stay on the sidelines.
But many physicians are choosing to retire because they’re not earning enough money, Beaumon said.
So, for many of these physicians, it won’t be enough to just skip the Medicare rolls and stay home.
The health insurance system’s budget woes aren’t likely to go away anytime soon, and it’s unclear how many doctors will be able to keep working without Medicare, Beauson said, adding that many physicians may have to move to other areas of the country.
And the cost to Medicare of not keeping up with inflation isn’t just going to go down, either.
As a result, the health insurance industry has been forced to come up with a new way to make sure its payments are always making it possible for doctors to stay in the field.
The problem is, Medicare has made it so easy to switch doctors to the new provider networks that many doctors are leaving the program.
But that’s not always an option for doctors who want to keep practicing.
If you’re a primary care physician, there are a few options for how you can make the transition.
“If you’re going to retire early, you’re probably going to need a different plan for your retirement, a new plan,” Beaumond said.
“You might need to change some of the way you’re billing your Medicare premiums.
You might want to look at whether or not you’re able to stay with the company that you’ve been working for.
That’s a question that is going to be on the minds of many doctors who retire at some point in their careers,” Beausont said. “
But the big question is, how do you switch to the provider network that you want?
That’s a question that is going to be on the minds of many doctors who retire at some point in their careers,” Beausont said.
Some doctors may be able make the switch in their 50s or 60s, while others might be stuck on their current provider networks for the rest of their lives.
But how to do it depends on the length of your career.
For primary care physicians, a switch to a new provider network will be more difficult, since many of them will be out of work for decades.
“In a primary-care practice, if you want to get your work done and you’re not going to have a new employer, you probably need to take a new approach,” Beauason said in a phone interview.
“I think that’s going to come down to the person’s experience and how long they’ve been practicing primary care, and the type of work they’re able or unwilling to do.”
A few options available to you in your current practice include working as a consultant, or as an independent contractor.
But if you’re an experienced primary care provider, it may be possible to work for a health care organization as a contractor, Beauon said — something that may seem difficult to find a way to do for some doctors.
Some of the options that doctors are looking for include: working for a nonprofit organization, like the National Alliance on Aging (NAA), or a state agency like the California Health and Care Services Agency (CHSSA).
“It’s a good idea to look into working with a nonprofit to look for the best organization for your practice,” Beauseon said of contracting.
“Because it will be a smaller team, it will have a more manageable amount of time to deal with the costs of the practice and