The hidden costs of socialized medicine

It doesn’t even sound good in theory, and unfortunately, it gets even worse in practice:

Doctors in America are harboring an embarrassing secret: Many of them are going broke. This quiet reality, which is spreading nationwide, is claiming a wide range of casualties, including family physicians, cardiologists and oncologists. Industry watchers say the trend is worrisome. Half of all doctors in the nation operate a private practice. So if a cash crunch forces the death of an independent practice, it robs a community of a vital health care resource.

The good news is that government is limiting the cost of medical treatment through its various policies and programs, especially Medicare. The bad news is that the outcome of this trend is that while medical care will be free, you won’t actually receive any.

And the combination of doctors going broke while bailed-out banksters receive massive bonuses would appear to suggest that we’re going to see more graduates going into the financial rape industry and fewer into medical care. That should work well.