Forum Post: How much should a physician earn?
Posted 13 years ago on Nov. 7, 2011, 11:54 p.m. EST by OregonRuts
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Just curious
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I think that we should offer free medical education to any qualified student who will agree to keep their salary under 100k for 15 years (we can never have universal health care with doctors salary's three times what they are in Europe)
So you will let anyone that wants to play doctor actually become a doctor?
Medical schools are selective for a reason.
Obviously you would test them. How come doctors are so much cheaper in Europe, are they not qualified?
But you want smart people to go into medicine presumably. There is no better way to lure smart people than with money.
Sure, and smart people could get a traditional student loan and become a doctor and charge as much as they want, just like they do now. But one of the reasons doctors salaries are so high is too little competition. By starting a program like I suggested that would increase competition and market forces would lower salaries because there would be many more doctors.
Who would give up 14 years of their life for under $100000?
Probably lot's of people, why don't we ask them?
Depends on his/her practice but all professionals saving human lives should have a high quality of life for their service.
So I can't really give it a monetary amount but that much ^
They should make as much as they can, just like anybody else. If they charge too much, people will go elsewhere. I've had the same Dr. for a couple decades now, but he's fixing to retire.
As a sidenote, he had to quit delivering babies a number of years ago as the insurance got too expensive to do it. Now several Dr.s got together and have one that does the actual deliveries and then it goes back to how it was before.
Who the eff is anyone to dictate what someone should or should not earn as a wage? This kind of crap is exactly the problem with OWS... If you want to earn physician wages, then go to school, serve your internship, toil in the ER, and work to open your own private practice... if you want them to earn what you make, then refund their college tuition and hand over your paper hat and spatula. Stop playing the have versus have not game. That's not what OWS is about!
No one is proposing decreeing how much anyone should earn. There are market failures in the world. The healthcare market has several of them. It's uncontroversially true that doctors get paid more on average than is socially optimal. (Whether we should do something about it, on the other hand, is indeed a point of controversy.)
Medical doctors are making small change compared to Wall Street and Corporate executives.
Way true. That is a huge part of the problem. Money goes to the greediest as opposed to the most valuable.
and that's the truth of it, most people try to do something that gives them more than just money, or at least want to. as a result a small minority develops some sort of social disorder where money equals that extra fulfillment factor, boom, greed. Doctors make what the markets have decreed they should, increased by ridiculous insurance across the board, of course
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Doctors should get paid $350k/year. This helps offset the ridiculous malpractice insurance costs, and the 150-250k of school loans, and the 12 years of minimum wage earning they endure in this country just to become one.
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how much should you?
Lemme guess, no more than you ?
As much as he legally and ethically can. He probably did not collect his first pay check until he was at least 30 years old. I don't see anything wrong with them making several hundred $Ks per year.
The problem with this is that the AMA is essentially a cartel that's erected massive barriers to entry--yes, at least ostensibly as a form of quality control--that don't produce outcomes that justify the cost. There's also the inherent flaws in the healthcare market to consider. I'm hoping that NPs succeed in establishing themselves as a viable alternative to MDs -- it'll bring some competition into the mix that will hopefully bring medical costs down in the long run.
As long as people have a choice in whether they see an MD or a NP.
I am a dentist so I can't really totally speak for medicine but we are also seeing a push for mid-level providers and so far the results are awful.
Funny, I just had a great time with a completely incompetent dentist a few weeks ago.
I don't think NPs are pushing to be mid-level providers as much as true alternatives. Hence the doctoral degree they'll soon be requiring of new NPs.
Oh I'm sorry, what did he do?
There are definitely bad dentists out there, you need to be careful.
Like I said, I have no idea what it is like in medicine but if they go to school the same amount as an MD one would assume they are similar. In dentistry it is 10 months compared to 4 years so the differences are much more pronounced.
You have to remember though, the longer NPs go to school, the more they are going to want to make. When you go to school until you are almost 30 you are going to want to make a lot of money after.
That is a danger with the NP thing -- I'm sort of worried about that. But they're only adding a year onto their existing program, so the additional cost is marginal relative to that of an MD degree. I think whether or not they get enough institutional power to start inflating their credential requirements or salaries will depend on how the health care sector is reformed.
The dentist I saw was just completely unprofessional -- it was so out of character from anything I've ever experienced with a doctor that I was about to complain to the licensing board about it. Lucky for her, I got busy. (Well, I also began to doubt it would make any difference :) Ah well.
I'd say about $75 a week.
Back in the day, it was JFK who went public with the opinion that no physician should charge less than $20 a visit. Overnight physicians everywhere threw out the Hippocratic oath. And you can see where that got us.
But I'll add to this that I see medical school as a possible avenue to wealth available to anybody who can go the distance. And I do not want to see that avenue of wealth stolen from our children. Besides, you could never do it anyway. This is America; no one can be denied the ability to practice privately. And those that do practice privately will cater to the rich; and we'll be left with the crumbs.
Good lick getting anyone to go through 12 years of rigorous schooling to earn $75 a week.
Do you want the answer in JFK era dollars or today's dollars?
You know, people forget that doctors are working class people - they work for a living. And I would never limit any working class American.
It's a retarded idea by either standard.