Quote:
Originally posted by KobraKarl
Brett,
Just curious, what percentage of your gross would you say is required to service your liability insurance ..
Karl
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about 10%. Maybe a little more. Never been sued, but I do stick 4 inch needles up people's spines. However, the real cost of limiting liability is in the redundant staff we must hire, and unneccessary tests we must order to look for "red herrings", which never turn anything up, but, if a case were to go to court would (since everybody else must do the same thing) be deemed the "standard of care".
I do accept Medicare/Medicaid, and the old people are so fat and out of shape that we are constantly using employee time to make sure they get off our property safely, and the Medicaid patients are constantly stealing our toilet paper, and just about anything else that we don't have our eye on. No different than any other business owner, unfortunately. Our employee costs go up 5%each year, our malpractice goes up each year, and our reimbursement goes down 5-10% each year. (We let insurance dictate our livelihood- a fatal miscalculation). The rich privately insured folks are the ones who always want to walk their copays, and want to monopolize your time to stroke their ego and show off their pseudo-medical knowledge. They cut and paste WebMD.com into their short term memory! It's really interesting to watch. I have learned more from my patients (what NOT to do) than I ever learned in medical school!
Like somebody on here says, "If you can't be a good example, you'll just have to be a horrible warning"! Cracks me up....
Casaleenie probably is so wise from hearing the same stories from behind the bar for all those years, right?