Nobody is painting a picture, rather the problems Optometry is facing are indeed facts.
**** There is indeed a huge picture being painted, and it is done throughout almost every level of education. People have no idea how long docs must really go to school, how they actually get paid, or how many fall on their faces in the attempt. If it makes anyone feel better, law is much worse about this. (I.E. "I get to be Mr Law & Order guy in my nice suit and gruff face.....when in reality you are likely to spend much of your time (in the 1st ten years or so) putting someone's else litigation ducks in a row for 60k and 80 hours a week.)
You have managed care reimbursing less and less, i.e. insurances such as VSP.
**** Actually you don't. If there is ONE thing that has not gone to the hatchet w the recent government healthcare cuts, it is optometry. My reimbursement for many things (OCT, VF, basic no dilation refraction) are actually HIGHER than most people (not me) are able to charge in open market. People ARE making less money in eye care than they used to, but that is due to a complete obliteration of discretionary market demand, not the amount I receive upon actually seeing a pt.
You have the current oversupply of O.D.'s, so upon graduation, it will be tough to find a suitable job.
**** There is indeed a massive oversupply of almost everything (lawyers, software guys, heart surgeons) in pretty much every major metro area in the US. The amount of money that people are free to spend is 12% less than it was ten years ago (dept of labor, in Forbes of Nov 2010), yet the amount going out for basics (insurances of all kinds, food, gas) has gone up by 38% with almost no inflation. Add that all up, and you get less demand for EVERYTHING, including our service.
More new schools are opening, which will make it tough for you to secure a position, or operate a successful practice of your own.
**** I REALLY want people to stop bleating on about "Holy Toledo! In 4 years there will be 200 more people graduating out of a country of 330 million people! I will be turning tricks behind the dumpster at Payless!" If you honestly, seriously, believe that is a factor in your job outlook, you really need to take some economics classes. Understand that the REAL killers to your job are 1) At what age are most OD's able to retire? Seeing as the stock market took a dive and is now recovering, most 401k's are starting to go black again. This alone will drive thousands into retirement, and make your 200 rookies a drop in the ocean. 2) DEMAND for God's sake. Apparently, when unemployment is 10%, this drives more people into cost cutting at every opportunity. (read, go to Wal-mart for glasses). A 2% drop in unemployment (a probability by the end of year) will cause an 18% rise in system-wide discretionary spending (your $900 drill mount Trivex's that do your taxes for you and actually destroy the sun out of the sky). 3) Laws....if the states w the majority of population, NY, FL, and CA were to get their laws changed, this would allow more bargaining power at the state level for reimbursements. It would allow the same number of OD's to expand into wider scopes of practice, again making your 200 grads less than irrelevant.
Corporate entities like walmart have the only good paying jobs available, but its no place for a doc to work.
Online companies will cause your patients to ask for just the RX so they can get their $300 glasses for $29.99.
**** Let me put it this way: if you actually thought you were getting one of those patients to begin with, you don't understand this business. This is just like anything else, just like cars for example: there are your Pinto's and there are your Bentleys. If you try to go into the Pinto market, you are going to get your lunch handed to you. A private OD cannot compete with the titans in that market, and I see tons fail spectacularly in trying. A good businessman knows where his gap is, and I regularly charge quadruple what Walmart does for a basic exam, yet their office in my town is empty most of the time. (I know the guy that works for them, and I suggest he be put on suicide watch. He once saw 21 patients in a week.) If a person of low-income wants to see an eye doc, they can go there or to my office and it costs them the same....and I make it clear as to why we are vastly superior in care to them. When this person gets out of the financial sinkhole they are in at that moment (a lot of people in most town made big bucks prior to the recession, and many are getting jobs back) I will be there for them without the gov in between. I call it the "Lazarus program" and it has been a big boost to my business since we have started to recover. I would go into this more, but I have written about it extensively in the past. Look it up if you have the curiosity.
Finally, you have Board Certification, popular in medicine, used as a scheme, in Optometry, to generate profits for a few select individuals.
**** With all due respect, that does not make a lick of sense.
These issues can be solved, but there is also the AOA, responsible for regulating optometry in USA, whom have special interests, which would prevent these issues from being fixed.
**** Agreed there....the AOA is completely worthless, but they are mainly so because they get very little financial support compared the Goliaths they are up against, the AMA, HHS committees, etc.
Other health professions do not have all of these problems...you're 37; no need for you to get involved in such a poorly regulated profession, unless you can't see yourself doing anything else.
**** AHAHAHA!!! if you honestly believe that, you have clearly not spent much time talking to any other kind of doctor. I play golf with a dentist (he is married to my cousin) and an ER plastic surgeon....I am the content one in that group. I would go on to explain how asinine the sentence that "other health professions do not have all of these problems" is, but I imagine it would be pointless. Here is a hint: I challenge anyone to name a problem in optometry that
DOESN'T exist in most every medical field, or in the private economy. (docs are mostly gov employees. People hate hearing that but it is true.)
Gosh, after reading my post there seems to problems pretty much everywhere!
**** And it was all so wonderfully and maturely dissected for everyone. Nice work.
Sorry to those for whom my point-by-point breakdown seems harsh, but the ideas SoCal wrote can be found in a lot of places....which is a good indication that they are very wrong. I am arguing the ideas, not the person, other than the fact that it was all very vague and alarmist, two things we do well here. I hope I cleared a few things up. Okay, back to work