So Rep Lally Favors an Increase in Health Insurance Premiums for Rhode Island?
On Thursday, the Providence Journal printed an OpEd by Dr. Joseph Cambio of Urologic Specialists of New England and RI House Deputy Majority Whip Donald J. Lally (D, Narragansett & South Kingstown). We’ll stipulate for a moment the problem that they name because it sounds all too plausible.
… Rhode Island health insurers reimburse the state’s physicians at a very low rate. This is a particular problem with such medical specialties as urology. Urology is only one of many medical fields, as well as dentistry, from which we are losing our best and brightest to other states. We also have aging field of doctors. As older physicians in our state retire there are fewer and fewer newer doctors to take their place. The reason is quite simple: Why would a new physician with over $150,000.00 in debt from medical school loans set up a practice in the state if he or she could make significantly more money by going to Massachusetts, Connecticut or somewhere else?
It is becoming increasingly difficult to recruit new physicians to Rhode Island. Urologic Specialists of New England had one promising young doctor recently turn down its offer when he saw that he would make significantly more for the same practice in Massachusetts.
So let’s agree, in the absence of new and contradictory information, that pay for doctors practicing in Rhode Island needs to be increased. Now the question is, where does that additional money come from? Who pays for the increase?
Apologies for answering a question with a question. But maybe I’m missing something.
Within the insurance framework, is there any source for higher compensation – i.e., an increase in spending – other than rate payers?