Re: Investing in Healthcare ~ A Dilemma

[Guest guest]

Pamela,

My Dad invested in both the stock market and me in the 90's. The stock market paid off in the 90's, and I may have saved/improved his life in the 2000's. Both good investments for him. He encouraged me to invest in putting money and people to work. For much of the 2000's I have been conservative with retirement investments. Fidelity and Chase both have large chuncks of my future retirement money for no cost to them.

I am thinking of pulling that money out to invest in land and buildings to put other physicians to work. The hospitals and insurance companies have the feeling of indentured servitude, so investing in myself seems to be my next prodject, then my sons and finally our little girl over the next twenty years.

I wish there was an IMP organization opening practices across the country. I am afraid that the salaries of hospitalists have made primary care internists and maybe family physicians .... extinct.

Investing in the healthcare I know, maybe.

Subject: Investing in Healthcare ~ A DilemmaTo: Date: Friday, March 2, 2012, 9:19 PM

My mom is a retired psychiatrist who was put out of businessby insurance companies. She then invested her money in the very insurance companies who put her out of business and isnow a millionaire. This means: My college and medical school was funded byinsurance companies. I accept most insurance in my practice and I ama preferred provider for many. My dilemma: I have resistance to investing money back intothe for-profit insurance industry. I have nothing in the stockmarket because I do not find any socially-responsible fundssocially responsible enough for me. So my mom worries I willbe poor and destitute . . .Has anyone else out there in the world felt such feelings and wouldyou be willing to share your thoughts - publicly or privately . . . Thank you in advance.~ Pamela(roxywible@...)Pamela Wible, MD3575 St. #220 Eugene, OR 97405www.idealmedicalcare.org"(S)He is the best physician who is the most ingenious inspirer of hope."~ Coleridge

[Guest guest]

Pamela,Good for your mom. Bad for society. Why is it that working as a psychiatrist, or a FP, or a Internist (any primary care) is not good enough to assure that you will not die poor and destitute? Why is it that playing with money (thought the stock market) can make you a ton of money, but working with people can leave you with nothing? How is it that one of our Presidential candidates made 100s of millions of dollars by working 10 years in business while in the same amount of time newly minted physicians will not be able to even pay off their student loans? These are vexing questions which get to the heart of the issues in a money driven, money loving society. My question to you is whether your mother has a favorable opinion of the insurance company and its business practices now that they made her millions? Can someone continue to hate the very entity that helps to sustain them? Philosophically (not that I really think these are your only choices), which do you fear more—not being able to retire and dying poor and destitute or compromising on your integrity and investing in a company which knows how to make money even if you do not agree with their practices? From: [mailto: ] On Behalf Of roxywibleSent: Friday, March 02, 2012 10:19 PMTo: Subject: Investing in Healthcare ~ A Dilemma My mom is a retired psychiatrist who was put out of businessby insurance companies. She then invested her money in the very insurance companies who put her out of business and isnow a millionaire. This means: My college and medical school was funded byinsurance companies. I accept most insurance in my practice and I ama preferred provider for many. My dilemma: I have resistance to investing money back intothe for-profit insurance industry. I have nothing in the stockmarket because I do not find any socially-responsible fundssocially responsible enough for me. So my mom worries I willbe poor and destitute . . .Has anyone else out there in the world felt such feelings and wouldyou be willing to share your thoughts - publicly or privately . . . Thank you in advance.~ Pamela(roxywible@...)Pamela Wible, MD3575 St. #220 Eugene, OR 97405www.idealmedicalcare.org " (S)He is the best physician who is the most ingenious inspirer of hope. " ~ Coleridge

[Guest guest]

Enjoying the insights thus far. My mom does not have a favorable

opinion of insurance companies, but she enjoys winning at their game

I guess you can say. Get this: When I was young and we played monopoly

she ALWAYS wanted to be banker and ALWAYS won because she kept

sneaking extra out of the bank. For her it's a survival thing. Ethics play

no part in the money game for her.

I don't fear being destitute (my mom says she doesn't want to worry about me

from her grave) but the idea of unethical investments really is disturbing

to me.

Anyone on the listserve invested in for-profit insurance companies?

Pamela

>

> Pamela,

>

> Good for your mom. Bad for society. Why is it that working as a

> psychiatrist, or a FP, or a Internist (any primary care) is not good enough

> to assure that you will not die poor and destitute? Why is it that playing

> with money (thought the stock market) can make you a ton of money, but

> working with people can leave you with nothing? How is it that one of our

> Presidential candidates made 100s of millions of dollars by working 10 years

> in business while in the same amount of time newly minted physicians will

> not be able to even pay off their student loans?

>

> These are vexing questions which get to the heart of the issues in a money

> driven, money loving society. My question to you is whether your mother has

> a favorable opinion of the insurance company and its business practices now

> that they made her millions? Can someone continue to hate the very entity

> that helps to sustain them? Philosophically (not that I really think these

> are your only choices), which do you fear more-not being able to retire and

> dying poor and destitute or compromising on your integrity and investing in

> a company which knows how to make money even if you do not agree with their

> practices?

>

>

>

>

>

> From:

> [mailto: ] On Behalf Of roxywible

> Sent: Friday, March 02, 2012 10:19 PM

> To:

> Subject: Investing in Healthcare ~ A Dilemma

>

>

>

>

>

> My mom is a retired psychiatrist who was put out of business

> by insurance companies. She then invested her money in the

> very insurance companies who put her out of business and is

> now a millionaire.

>

> This means: My college and medical school was funded by

> insurance companies.

>

> I accept most insurance in my practice and I am

> a preferred provider for many.

>

> My dilemma: I have resistance to investing money back into

> the for-profit insurance industry. I have nothing in the stock

> market because I do not find any socially-responsible funds

> socially responsible enough for me. So my mom worries I will

> be poor and destitute . . .

>

> Has anyone else out there in the world felt such feelings and would

> you be willing to share your thoughts - publicly or privately . . .

>

> Thank you in advance.

>

> ~ Pamela

>

> (roxywible@... <mailto:roxywible%40comcast.net> )

>

> Pamela Wible, MD

> 3575 St. #220

> Eugene, OR 97405

>

> www.idealmedicalcare.org

>

> " (S)He is the best physician who is the most ingenious inspirer of hope. "

> ~ Coleridge

>