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Thursday, March 28, 2013

60% of M.D.s Expect That Doctors Will Retire Early Because of Obamacare

From the looks of  it there will be a few industries that will have great years because of Obamacare.  Industries such as retirement communities, travel and golf equipment.  At least according to the latest Deloitte survey, which asks physicians feelings about the Affordable Care Act (Obamacare). The survey suggest that up to 60% of doctors will retire early so they won't have to deal with Obamacare.

Six in 10 physicians say that it is likely that many physicians will retire earlier than planned in the next one to three years. This perception is fairly uniform among all physicians, irrespective of age, gender, or medical specialty.

Most physicians are pessimistic about the future of medicine:
Six in 10 physicians (57 percent) say that the practice of medicine is in jeopardy.6 Nearly three quarters of physicians (higher among surgical specialists at 81 percent) think the best and brightest may not consider a career in medicine (slight increase from those who felt similarly in 2011 at 69 percent), while more than half believe that physicians will retire (62 percent) or scale back practice hours (55 percent) based on how the future of medicine is changing.
One of the reasons for this pessimism is 40% of doctors report a decrease in take-home pay from 2011 to 2012 in the Deloitte survey, attributing the drop to ObamaCare. More than half of respondents saw a 10% or less decrease in their paycheck in the past year.  Even worse is that more than 50% expect physician incomes will fall dramatically in the next one to three years.

The early retirement of Doctors is one of those "unexpected" consequences of Obamacare that was predicted by the bill's opponents. When you combine the fact that there will be fewer doctors with the reality of millions of people added to the medical rolls expect very long waiting times to see a physician in the near future....thank you Obamacare.

The Full study is embedded below:

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