Every doctor should have a plan B. Here ’s why.

I’ve written previously that financial independence is plan B.  Plan A, of course, is life.  Your work and time are precious, and life is too short to be wading through a morass of unhappiness only to get to some endpoint or goal. While I definitely believe in front-loading the sacrifice, the cost should not have to be misery.  Physicians, in particular, tend to look at their job as a calling.  As such, many continue to work long after they have reached financial independence.  No matter what stage of your career, however, I believe that every doctor should have a plan B. It pains me to write these words.  For many of us in this profession, we couldn’t see ourselves doing anything else. Unfortunately, this most stable of professions has become less and less trustworthy over the last few decades.  I knew from the early stages of my career that there was inherent weakness in my so-called bulletproof profession. Every doctor should have a plan B because there is a world of compliance and disruption coming our way. Will we survive? Who’s the boss? “I’m the government, and I’m here to help!” Arguably one of the most feared phrases in the English language. The government has its hooks in the American health care system, and there is no sign that there is going to be relief any time soon.  Not only is Medicare the biggest payer, but also the government has taken on the monumental task of regulating and streamlining the whole kit and caboodle. What thi...
Source: Kevin, M.D. - Medical Weblog - Category: General Medicine Authors: Tags: Finance Primary Care Washington Watch Source Type: blogs