More doctors are going broke

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(AP Photo)

(AP Photo)

doctorsymbol More doctors are going broke


Thought medicine was a fool-proof business? Think again.

An increasing number of doctors nationwide are going broke, according to financial experts.

Industry watchers said the trend is hitting a wide range of specialties, including family physicians, cardiologists and oncologists. Since about half of all doctors in the nation run private practices, a growing number of failing businesses could undercut a vital healthcare resource.

KFWB’s Maggie McKay spoke with Marc Lion, a financial advisor to medical professionals, to find out the reasons behind this trend.

Listen to more from L.A.’s Afternoon News.

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