White Coat Investor Podcast WCI #313: The Proposed Ban on Non-Compete Contracts and Whether It's Fair
May 4, 2023
Don Wenner, CEO of DLP Capital, shares expertise in commercial real estate and investing. He dives into the controversial topic of non-compete contracts in medicine, discussing their implications on doctors and patient care. The conversation also covers investment strategies amid rising interest rates, including the pros and cons of annuities. Wenner addresses challenges faced with financial advisors and highlights the importance of diversification. His insights aim to empower professionals in navigating their financial futures.
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Medical Reimbursement Plans Benefits
- Medical reimbursement plans like HRAs allow employers to reimburse employees pre-tax for qualified medical expenses.
- They are legitimate benefits that can effectively reduce deductible costs if implemented properly.
Nuance in Non-Compete Contracts
- Non-compete clauses mostly hurt doctors as employees by restricting mobility without benefit.
- Reasonable non-compete terms protect employer investments but overreach can be unfair and unenforceable.
WCI's Use of Non-Competes
- WCI employees sign a non-compete protecting company secrets from direct competitors.
- This prevents trained staff from immediately joining competitors with insider knowledge.