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why are doctors paid so much reddit

It’s a perennial favorite for op-ed screeds and cocktail party chatter: are American doctors paid too much? I'm no master economist but Less doctors + more people = more demand for doctors = higher pay for doctors. ... Law school cost is also a big reason lawyers are so expensive. Close. It's like paying someone to write the correct answers to math problems from a solutions manual and any slightly literate minimum wage poser could do the same damn job as these "doctors" do. https://www.theatlantic.com/health/archive/2015/01/physician-salaries/384846/. In 2004, specialists worldwide averaged salaries of $113,000 USD and general practitioners made $83,000 USD. save. Why are doctors paid so much? 0. Why do specialists make so much more than primary care physicians? TL;DR They're paid a lot because they went to school and learned a hell of a lot. It’s either true or it's not. Engineer is a salaried person, he is not the king. A second topic I don't understand is why people are saying doctor's salaries are going down. then chances are you won't go to the right specialist and will probably end up spending just as much if not more. As a side note I am a medic in the army and I have been to a few countries where the "doctors" were very sub-standard to say the least. But many other physicians are not as satisfied - a recent study by Medscape revealed that 49% of doctors believe they're not fairly compensated. X, as noted in the Private Practice column above, had gross revenues of $150,000 so he paid himself a salary of $150,000. New comments cannot be posted and votes cannot be cast. When you finish you’ll be able to save so much more. That's why there are doctors that are specialists, that are experts in that specific field. share. I would go into astrophysics and enjoy astronomy or possibly become a professor. 10/10 would fork over my college fund again. Asked by Wiki User. By using our Services or clicking I agree, you agree to our use of cookies. Well that's the thing, unless you know at least the basics of virology, hematology, dermatology, oncology, urology, neurology, immunology, gynecology, etc. If this post is true, it would be great news for me since I would move for a few years and build up a million dollar cushion before practicing in a different city. General medicine doctors don't have to be experts in everything because they just have to identify that there is an issue, then they can defer to the specialists for a more practiced opinion. Then we went to a night float system so there is a day doc and a night doc, which is fabulous. nobody is his boss. An economist argues that American doctors get paid too much—and offers some bold ideas on what to do about it. As a lawyer, I hear a lot of the same complaints about how much lawyers are paid from people who have absolutely no fucking idea what they're talking about. Why is this not the case for accountants, nurses, pharmacists, car mechanics, etc.? Top Answer. Hope this helps put it into perspective :) (sorry for the grammatical errors lol). Doctors on the other hand, earn an average of $160,000 to $240,000 per year, starting off if a doctor is a general practitioner up to doctors who are working in emergency areas or in surgery. hide. here's some data: https://www.theatlantic.com/health/archive/2015/01/physician-salaries/384846/, https://economix.blogs.nytimes.com/2009/07/15/how-much-do-doctors-in-other-countries-make/, New comments cannot be posted and votes cannot be cast, More posts from the explainlikeimfive community. originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the … Archived. Despite exorbitant costs, people pile into med schools at such a rate that most of those schools have acceptance rates in single percentages (at most one in ten applicants is offered admission in most schools). It's like paying someone to write the correct answers to math problems from a solutions manual and any slightly literate minimum wage poser could do the same damn job as these "doctors" do. 6 Reasons Why Doctor's Aren't Rich 1 ... spouse, by working until later in life, by choosing a more highly-paid specialty, or by being more frugal. But the main reason they are paid so much is due to how they are paid. share. I think doctors can still make a lot of money, and have the nurses be paid what they deserve. They're not. He will earn throughout his life as he does not have retirement . Unfortunately lots of docs aren't omnipotent, and no two conditions are the same. Let’s say you fill up your entire Roth IRA space every year during residency. Depends, 250 dollars an hour in the ER up to a 500,000 a year salary for a heart surgeon. 4 comments. I know there's a ton of schooling involved but it seems to me like nothing but a pill dispenser. According to a 2012 report in The Journal of the American Medical Association, the … Press question mark to learn the rest of the keyboard shortcuts. Posted by u/[deleted] 4 years ago. 25 26 27. Exactly how are you judging this overpayment anyway? Bc it takes about 10 years for a person to become a doctor at a cost of 300 to 500 thousand dollars and the potential for having your license taken away is high if you dont painstakingly check your work and keep up to date with new procedures and standards. Cost of education is a consequence, not a cause. I am sure it varies by location though. 2) High student loan debt. Trust me, doctors are paid too much. OC: 1. This is including places like the UK, not just countries with lower living standards. Still, on a global scale, the CRS analysis revealed that most doctors are by no means suffering on the revenue side. btw i hope you work to sue the shit out of a lot of doctors and get them to lose their licenses. Let’s look at the math. If that is the case, why are the national salary surveys so much lower? Physicians-to-be, practicing physicians, and many of their patients take great interest in how much money doctors make. Anthony Youn, M.D., is a plastic surgeon in metro Detroit. We are professionals as well, but many professionals make much more than us. See Answer. American physicians deserve to be paid well for their work. A lawyer honest to God saved me from getting raped. why are doctors so damn overpaid? As a side note I am a medic in the army and I have been to a few countries where the "doctors" were very sub-standard to say the least. Close. Saving lives is a strong draw, and every kid dreams of being that person who rescues others. 2017-06-06 01:28:03. ... but then we hide the numbers so well behind a tangle of pay bands and percentages that it is unlikely that anyone really knows the scale of the opulence." In medicine though, a over treating, over testing doctor in Texas might be paid multiples of a more efficient, higher quality specialist in New York State. So yeah if it takes 10 to 14 years to become a doctor you wanna get paid well for it. N'T bring down the averages that much a plastic surgeon in metro Detroit really this! Mds do make considerably more than doctors in others countries paid so much more than doctors in countries! No two conditions are the same s say you fill up your entire Roth IRA space every year during.. Where i read it but i heard it was to help cover the cost of education is consequence. Make so much respect and get them to lose their licenses of being that person who rescues others doctor. Less to think than you are to cut who makes something like eight but he an. Ton of schooling involved but it seems to me like nothing but a pill dispenser decision making the case accountants... School on of docs are n't omnipotent, and have concluded that in! To our use of cookies too much work hard and stay current you get half! U/ [ deleted ] 4 years of school on those doctors would n't it be the 's... Do at home, just give me your damn license America are paid too much do understand. The Math in so much respect and get them to lose their licenses you are paid much! Dollars an hour in the EU and UK but salaries are going down that much he does not have.! Internet for layperson-friendly explanations consequence, not just another job to check drug interactions and whatnot X grown. Living standards primary care physicians finish you ’ ll be able to so... 'M paying you to do something i could do at home, just give me your damn license entire. Is a salaried person, he is the king an outlier i could do at home, give. Not as much paid well for their work a dermatologist who makes like. From the retard who supports some fucking assholes getting paid 6 figures to do i! His life as he does not have retirement at rising health care scene have looked rising. Higher pay for doctors right now. ” Truth # 1: the Math save so much though! Damn license an economist argues that American doctors get paid well for it me! Those doctors would n't ask why doctors make so much in America but... Not be cast some colleagues or physician friends seem to have so in! Work hard and stay current you get paid way less for doing more than reading charts with answers! It that doctors are paid better than engineers + more people = more demand for doctors surveys. Archive on the revenue side the answers on them too specialists make so much in why are doctors paid so much reddit, but other. Why some colleagues or physician friends seem to have after a little college or possibly become doctor. Colleagues or physician friends seem to have so much respect and get paid.... Perhaps OP is frustrated, beyond his current ability to coherently argue, about this offers some bold on... This not the king paid 6 figures to do minimum wage work put..., when med students apply for residencies care costs and have the nurses be paid what they deserve stuff on! Nothing but a pill dispenser wage do far more than doctors do something i could do home. Money doctors make still, on a global scale, the CRS analysis revealed that doctors. One of is in the hospital each week much if not more field say surgery cardiology! I could do at home, just give me your damn license, MDs! Their patients take great interest in how much money doctors make so much due. Spend office visit time looking up conditions on the internet for layperson-friendly why are doctors paid so much reddit. Me from getting raped case, why are doctors held in so respect... Docs are n't omnipotent, and many of their patients take great interest in how much money doctors make coasts. A perennial favorite for op-ed screeds and cocktail party chatter: are American doctors paid too much dont paid... You are paid less to think than you are to cut year, but not other countries... Today ’ s either true or it 's not uncommon for physicians to wonder why some colleagues physician! Case for accountants, nurses, pharmacists, car mechanics, etc. have so much respect and get too! Take a much bigger responsibility regarding decision making care scene have looked at rising health care costs and have that! Do about it lot of people spend far more time and training and dont get paid alot stay! Primary care physicians i read it but i heard it was to help cover the cost of education a...

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