Letters-0903--Soaring malpractice rates, etc, etc, etc
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Regarding the July 9 cover story about malpractice rates ["Why premiums are soaring again"]: I think everyone needs to know that it's not just bitch timeit's crunch time. The lowest rate I can find from an A-rated company for general surgery is $50,000, and that's with relinquishing vascular and thoracic privileges. Other general surgeons are paying $60,000 to 65,000, or going to a B-rated company.
In my view, the solution must include arbitration. Unfortunately, though, nothing short of a stack of dead bodies will get the attention necessary for meaningful change.
Scott Killmer, MD
Your expert panel's analysis of the health care crisis ["American health care: What it will take to fix the system," June 18] misses an essential point: It is impossible to make functional a system that, at its core, is dysfunctional. Medicare and employer-based health care are the diseases, not the cure.
The only salvation for the health care system is to do away with third-party payer plans and return to the quaint concept of having the patient take money from his wallet and pay for what he gets.
Brooks A. Mick, MDHampton, VA
In the July 23, Investment Consult, Lewis J. Altfest does your readers a disservice by suggesting that individual investors add bond mutual funds to their portfolios.
A bond is a contract delineating interest to be paid, principal to be returned, and the date of each. If any of these guarantees is not kept, the bondholder has recourse in court. A bond fund investor does not.
Instead of buying US Treasury Series I bonds to protect against the effects of inflation, as Altfest recommends, investors probably could do just as wellif not betterin terms of total return by purchasing regular Treasuries of various maturities: three months, six months, one year, etc.
I also disagree with the suggestion that, to save money on commissions, investors limit themselves to corporate bonds that trade on the New York Stock Exchange. These make up a very small percentage of corporate bonds currently traded. Going to the exchange may save you a few bucks up front, but it hardly guarantees you'll get the best choice, as selections are severely limited.
Sharon A. Alister
Vice president, Private Client Services
Credit Suisse First Boston
Marianne Mattera's editorial suggesting that we need to spend more time with patients ["See two fewer patients," July 9] confirms my feelings and those of many plaintiffs' attorneys. My son-in-law, a plaintiffs' lawyer, is amazed by the high number of patients primary care physicians see each day. He confirms that some of the disasters he's seen were the result of brief and inadequate initial evaluations.
I have given a lot of thought to what would make practicing medicine enjoyable again, please patients, and keep attorneys at bay. If the 30-minute office call were the norm, doctors would have time between visits to give patients that all-important call back. We could keep better records, complete insurance forms in a timely manner, speak to pharmacistsand maybe even go to the toilet. And get home in time for dinner with the family.
Eric G. Anderson, MD
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Gail Weiss. Letters to the Editors.