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Re: Bitter medicine From: Garry E. Siegel, M.D. (garrys@mindspring.com) Mon Jun 30 20:20:21 2003 Messages sorted by: [ date ][ thread ][ subject ][ author ] Next message: RModugno@aol.com: "Re: Bitter medicine" Previous message: Garry E. Siegel, M.D.: "Re: GEN:  Antibiotic Selection" That is so terribly sad that you had to do so without any chance retire/quit on your own terms, or at least with some fair warning. Garry At Mon, 30 Jun 2003, ENDODOK@aol.com wrote: > > After 32 years of practice, I folded my tent 2 weeks ago. Our former >carrier withdrew our coverage. A new carrier was found, but with nose coverage >plus the annual premium, the first year premium was $198,000. ( this was >reportedly a "mature" policy). This was projected to be a "stable" annual premium, >however it raised our practice overhead to 80%, and this was the best >scenario our CFO could project. This required a massive cutback in staffing, >posssible increased hours of operation etc. As you all know, the projection for >liability carriers losses is enormous, and the " De facto, insolvancy" of the >liabilty industry is a possibility . Do read the lead article in Time ( 6/9/03 ). >The outlook for improvement in premium rates for physicians is grim. > The toll of this decision is profound, and my family is devastated . I >was given one day to choose to (1) leave totally medical practice, and tail >coverage was free, or (2) accept the new policy with its unpredictability, and >costs. Unless true liability reform occurs, the lack of affordable coverage , >or the unavailability of any coverage will shut down medical practice as we >know it. > >J.Glenn Bradley MD -- Garry E. Siegel, M.D. Private Practice Roswell, GA Next message: RModugno@aol.com: "Re: Bitter medicine" Previous message: Garry E. Siegel, M.D.: "Re: GEN:  Antibiotic Selection"

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