Federal student loan forgiveness will exclude most doctors
A recent plan obtained by Policy revealed the Biden administration’s intention to largely forgive $10,000 in federal student loans, including graduate loans and MORE.
Eases the burden for many: Canceling $10,000 in federal student loans would relieve 15 million borrowers of student debt.
But not everyone: The plan limits forgiveness to those with incomes below $150,000. About 30 million borrowers would still have outstanding debt.
Healthcare professionals largely left behind: An annual gross income of $150,000 is in the upper 80th percentile of earners in the United States. Health care providers, including doctors, dentists, veterinarians and experienced nurses, largely occupy this percentile.
Men are more at risk than women for many cancers
Men have a significantly higher risk of developing 11 types of cancer than women. New research shows that the difference may be partly explained by risky behavior and carcinogenic exposure.
Equal probability: The lifetime chance of developing cancer for both genders is roughly equal, researchers say, with men having a 40% chance and women a 39% chance.
Different load: The study found that the burden of cancer at shared anatomical sites is significantly higher in men, with the relative risk being more than twice as high in men as in women.
“There are differences in cancer incidence that cannot be explained by environmental exposures alone,” said lead author Sarah S. Jackson, PhD. “This suggests that there are intrinsic biological differences between males and females that affect susceptibility to cancer.”
The results do not support changes to existing cancer prevention protocols.
Should you sell your practice to a private equity firm?
More and more doctors are being sued by private equity firms who want to buy their practices.
Growing interest: The total value of healthcare private equity deals was estimated at $120 billion in 2019, and that number is expected to increase over the next few years.
Still controversial: Many physicians believe they would lose control of the practice and fear that private equity firms will increase their budgets too much, mismanage operations, or even mismanage their investment in the practice.
Big payout: One of the benefits of selling to private equity firms is payment. Private equity firms typically pay more for practices than hospitals or many large private practices. Physicians often receive a large up-front payment when they sell.
“Private equity deals change the landscape of healthcare. They create large independent practices that help doctors stay independent of hospital systems and potentially have the power to secure more favorable reimbursements,” said James D. Wall, a Winston-Salem, North Carolina attorney who has handled numerous private equity transactions.
Kaitlin Edwards is a New York-based medical writer. You can follow her on Twitter @kaitmedwards. For more news, follow Medscape on Facebook, TwitterInstagram and YouTube.