Doctors increasingly declaring bankruptcy as Obamacare kicks in, causing widespread care shortages
by: Jonathan Benson
Monday, May 20, 2013
Just a few short years ago, Plantation, Fla.-based bankruptcy attorney David Langley did not have even one doctor as a client. But in the years that have followed, Langley has processed at least six bankruptcy cases involving physicians, and is currently working on two bankruptcy cases involving an orthopedic surgeon and an OB/GYN, according to CNNMoney.
Why this sudden increase in primarily private practice debacles? A changing healthcare environment prompted by the incremental installment of Obamacare is one major factor causing doctors to go belly-up all across the country, say experts. Other factors include decreasing insurance reimbursements, ever-rising medical malpractice insurance costs, and more expensive drugs, all of which are making it increasingly difficult for American doctors to survive.
As we have been saying here at NaturalNews for quite some time now, the so-called “healthcare” industry, at least as we currently know it, is really more of a sick-care industry driven by a highly unsustainable profit model. The costs associated with drugs, surgeries, and medical equipment, for instance, continue to skyrocket, and fraudulent insurance billing practices have only made the problem worse.
Economy woes driving many doctors out of practice