Doctors Are Still Being Screwed
By Rob Lambert - 
Email Editor
Date: 27-Sep-2007
Dear Subscriber:
I hope to see you in Las Vegas next Monday. I will be doing a short presentation on Kinetic Asset Protection, and I hope to meet some of you who brave this newsletter…and perhaps even enjoy it.
Yesterday I spent the day with several doctors from New Jersey. Seems like a cushy job…but it isn’t.
I learned that the typical fee to deliver a baby is $2,500. This includes all of the visits and the delivery. The doctor will spend on average 75 hours with each patient. This works out to about $35 per hour. Not so good in my mind…particularly since doctors delivering babies are, in a legal sense, guarantors of a perfect birth.
I also learned that the average Blue Cross customer paid $10 as a co-payment for this. (I am not even dealing with the fact that most patients are not insured.)
I next learned that the head muckety-muck at Blue Cross got a bonus of approximately $10 MILLION for the last fiscal year.
WOW; something is wrong. The people doing the work are getting decent but yeoman’s wages (the guys who work on my car make more), and the guys in charge of paying them are getting rich.
Something is wrong. The system is broken, and malpractice insurance (which costs more than $100,000 per year) is not dependable.
This is one of the issues we will be dealing with in Las Vegas. Asset protection is a viable alternative.
In all events, every reader should be making sure that his or her earnings are safe from creditors. I hope that you can be with us; and if not, than you will continue to read these newsletters and hopefully focus your energy on protecting yourself. Remember my saying: If it is worth striving for it is worth protecting.
I look forward to visiting with some of you in Las Vegas.
Have a healthy and protected week.
Best,
Rob Lambert
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ABOUT THIS EDITOR:
Rob Lambert, Founder and former law professor is considered to be foremost expert on tax compliant asset protection structures. A contributing editor to Lexus Nexus debtor creditors series of law books Rob's passion is implement client wealth plans that stand the test of time and hold up under duress.
09 SEPTEMBER
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