Change of pace here, but had to share this one.
Had a drug rep visit the office today (at an inconvenient time; I know, it's shocking) to share the great new coupon program that gives patients $100 off every prescription and can be used an unlimited number of times.
Thoughts:
1. How big is the profit margin on this drug if you can give $100 off every prescription?
2. I asked if they needed a medical director, since it is apparently far more profitable to sell drugs than to prescribe them. She didn't answer.
3. If you ever wonder why your insurance premium is so high, look at the profits and executive salaries of insurance companies, drug companies, hospitals, and EHR companies. Paying your doctor is a rather small fraction of your healthcare costs.
4. If your career goal includes earning money, try to move up the corporate ladder in one of the above 4 industries.
That is all.
Had a drug rep visit the office today (at an inconvenient time; I know, it's shocking) to share the great new coupon program that gives patients $100 off every prescription and can be used an unlimited number of times.
Thoughts:
1. How big is the profit margin on this drug if you can give $100 off every prescription?
2. I asked if they needed a medical director, since it is apparently far more profitable to sell drugs than to prescribe them. She didn't answer.
3. If you ever wonder why your insurance premium is so high, look at the profits and executive salaries of insurance companies, drug companies, hospitals, and EHR companies. Paying your doctor is a rather small fraction of your healthcare costs.
4. If your career goal includes earning money, try to move up the corporate ladder in one of the above 4 industries.
That is all.
Not to disagree with you, because all the things you listed in number three are out of control and should be fixed. But regulatory compliance probably constitutes a larger percentage of your premium than all those things combined. The irony in the name of the Affordable Care Act, to me, is that if we could get government out of healthcare it would instantly become more affordable.
ReplyDeleteI wouldn't know the percentage that regulatory compliance would compose of the total, but I have no doubt that it is a large number. Thanks for reading and commenting!
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