So yeah if it takes 10 to 14 years to become a doctor you wanna get paid well for it. from the retard who supports some fucking assholes getting paid 6 figures to do minimum wage work. 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. I don't think the question is why do doctors get paid more (thats quite obvious), I think the question should be, why do nurses not feel compensated for what they do. 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. The coasts can't bring down the averages that much. a lot of people spend far more time and training and dont get paid half as much. Hope this helps put it into perspective :) (sorry for the grammatical errors lol). Cookies help us deliver our Services. 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. See Answer. ... of the health care scene have looked at rising health care costs and have concluded that physicians in America are paid too much. Archived. Part of this is a mathematical question. It's not overpaid when you consider the time, effort and money involved in training them. It’s either true or it's not. 10/10 would fork over my college fund again. Let’s say you fill up your entire Roth IRA space every year during residency. 8 comments. Why is this not the case for accountants, nurses, pharmacists, car mechanics, etc.? We are professionals as well, but many professionals make much more than us. Archived. 4 comments. No one becomes a butt doctor because they love their work. 2) High student loan debt. btw i hope you work to sue the shit out of a lot of doctors and get them to lose their licenses. When you finish you’ll be able to save so much more. Unfortunately lots of docs aren't omnipotent, and no two conditions are the same. Press question mark to learn the rest of the keyboard shortcuts. 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). Enlighten me, reddit. hide. It used to be only 1 doctor, and ended up being 36 hour shifts which was exhausting. It averages out at nearly two hundred thousand a year, but for some specialists can go up to five or six hundred thousand. American physicians deserve to be paid well for their work. 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. r/AskReddit is the place to ask and answer thought-provoking questions. Close. I would not choose to be a doctor if I had it to do over again. half these bozos get paid fat 6 figures just for reading charts with the answers given on them and can't even do that right often-times. A lot of other professions are under paid, though. Doctors who work for themselves tend to make more money, but there are trade-offs. 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 are doctors held in so much respect and get paid so much in America, but not other Anglo countries? In Pictures: The Worst-Paying Jobs For Doctors. Those doctors wouldn't ask why doctors make so much money. OC: 1. Then we went to a night float system so there is a day doc and a night doc, which is fabulous. most people who get paid minimum wage do far more than reading charts with the answers on them too. I think doctors can still make a lot of money, and have the nurses be paid what they deserve. I would go into astrophysics and enjoy astronomy or possibly become a professor. He is the author of “In Stitches,” a humorous memoir about growing up Asian American and becoming a doctor.. Full disclosure: I have no complaints about how much I make. Well comparatively speaking, US MDs do make considerably more than doctors in others countries. 200k in debt and missing the majority, if not all, of your 20s is a large sacrifice that is only increasing in monetary debt and forcing less and less people to be willing to take the route. It is usually not as much as doctors, yes, ... help Reddit App Reddit coins Reddit premium Reddit gifts. 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. 2017-06-06 01:28:03. But the main reason they are paid so much is due to how they are paid. It's not uncommon for physicians to wonder why some colleagues or physician friends seem to have so much more money. Just enjoy your money right now.” Truth #1: The Math. Why do pharmacists make so much money? How Much Doctors Make [OC] OC. So as an incentive to work hard and stay current you get paid alot. Indeed, many doctors feel that America has declared war on physicians—and both physicians and patients are … originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the … Dentists in some places are so well compensated that they earn more than the average doctor. it's like, fucking really?! Insurance companies cartelize health care providers, paying for one doctor's services, but not another's, and monopolize regions, isolating health care providers from competition which could drive down their prices. 25 26 27. Don't Panic! Depends, 250 dollars an hour in the ER up to a 500,000 a year salary for a heart surgeon. Saving lives is a strong draw, and every kid dreams of being that person who rescues others. In 2004, specialists worldwide averaged salaries of $113,000 USD and general practitioners made $83,000 USD. X, as noted in the Private Practice column above, had gross revenues of $150,000 so he paid himself a salary of $150,000. Wouldn't it be the doctor's job to check drug interactions and whatnot? By using our Services or clicking I agree, you agree to our use of cookies. A lawyer honest to God saved me from getting raped. A lot of these stupid fucks also spend office visit time looking up conditions on the mayoclinic site. 4.1k. Posted by u/[deleted] 4 years ago. https://www.theatlantic.com/health/archive/2015/01/physician-salaries/384846/. So yeah if it takes 10 to 14 years to become a doctor you wanna get paid well for it. You may be asking yourself, what makes them payed so much to show that there is an issue when I could probably do that myself? I know there's a ton of schooling involved but it seems to me like nothing but a pill dispenser. Let’s dig in as we discuss physician incomes, our debt burden, and the personal finance failures that often lead to a high-earning physician living paycheck to paycheck. In today’s post, I’m going to tell you how much doctors make, and then I am going to proceed to tell you why that number doesn’t really matter. So trust me you want ours to be making alot lol. ... “In today’s system, you are paid less to think than you are to cut. It's a similar process in the EU and UK but salaries are much lower though. Also when you specialize in a field say surgery or cardiology you can add another 2 to 4 years of school on. So we're back to the original question, why is it that doctors are paid better than engineers? save. TL;DR They're paid a lot because they went to school and learned a hell of a lot. Engineer is a salaried person, he is not the king. half these bozos get paid fat 6 figures just for reading charts with the answers given on them and can't even do that right often-times. incentive to work hard and stay current you get paid alot. He will earn throughout his life as he does not have retirement . Use our tool to see how you compare. There is no good reasons why such a streamlined process should net a person so much money when there are other fields with similar lengths of training with much more complex obstacles to overcome which make FRACTIONS what doctors make. why are doctors so damn overpaid? Cost of education is a consequence, not a cause. But many other physicians are not as satisfied - a recent study by Medscape revealed that 49% of doctors believe they're not fairly compensated. Press J to jump to the feed. That’s $6,000 per year. I know a dermatologist who makes something like eight but he's an outlier. New comments cannot be posted and votes cannot be cast. I love the article but, I feel that being a doctor is about helping people.It does not matter how much money it cost to be one as long as I’m helping people I feel good.Being a doctor is about helping people.Rhey could get paid 20,000$ a year and I would still want to be a doctor because that is just me. 4 years ago. This is including places like the UK, not just countries with lower living standards. share. After all, the U.S. spends over $3 trillion each year on healthcare, more than the gross domestic product of all but a handful of the world’s countries. They're not. Press J to jump to the feed. 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. Press question mark to learn the rest of the keyboard shortcuts. ... Law school cost is also a big reason lawyers are so expensive. Exactly how are you judging this overpayment anyway? Let’s look at the math. Asked by Wiki User. So trust me you want ours to be making alot lol. Posted by. 0. It’s a perennial favorite for op-ed screeds and cocktail party chatter: are American doctors paid too much? Physicians-to-be, practicing physicians, and many of their patients take great interest in how much money doctors make. Well that's the thing, unless you know at least the basics of virology, hematology, dermatology, oncology, urology, neurology, immunology, gynecology, etc. I am sure it varies by location though. You could look stuff up on the mayoclinic site, yes. An economist argues this residency system is a key reason why U.S. doctors are paid around twice much as doctors in … Are Doctors Paid Too Much? then chances are you won't go to the right specialist and will probably end up spending just as much if not more. The problem of doctors’ salaries. I'm paying you to do something I could do at home, just give me your damn license. That's why there are doctors that are specialists, that are experts in that specific field. By using our Services or clicking I agree, you agree to our use of cookies. Perhaps OP is frustrated, beyond his current ability to coherently argue, about this? share. Still, on a global scale, the CRS analysis revealed that most doctors are by no means suffering on the revenue side. How much do you think they should earn? A second topic I don't understand is why people are saying doctor's salaries are going down. Wiki User Answered . I'm not trying to insult, I honestly just don't understand. 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. (such as basic science PhDs for instance) Doctors have the earning potentials that they deserve If a doctor's is having his hospital and that hospital runs efficiently then he is the king. Close. Trust me, doctors are paid too much. 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 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." We are currently working a hospitalist model where one of is in the hospital each week. Why do specialists make so much more than primary care physicians? At their own expense. Anthony Youn, M.D., is a plastic surgeon in metro Detroit. Close. Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. I'm no master economist but Less doctors + more people = more demand for doctors = higher pay for doctors. Top Answer. So why are so few of our colleagues in that enviable ... none of which are good, but all of which I am sure have befallen our colleagues. An economist argues that American doctors get paid too much—and offers some bold ideas on what to do about it. Dr. X has grown disenchanted with day-to … and you probably get paid way less for doing more than doctors do. Why are doctors held in so much respect and get paid so much in America, but not other Anglo countries? 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. We all really like this, for the most part. If that is the case, why are the national salary surveys so much lower? It's Match Week, when med students apply for residencies. Why are doctors paid so much? nobody is his boss. Being a doctor is not just another job to have after a little college. Basically, the doctors still take a much bigger responsibility regarding decision making. It’s all about the license. 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. I'm not sure where I read it but I heard it was to help cover the cost of lawsuits and education. According to a 2012 report in The Journal of the American Medical Association, the … Cookies help us deliver our Services. Simply put, being a doctor has become a miserable and humiliating undertaking. 0. Why do doctors charge so much? “ in today ’ s either true or it 's not uncommon for physicians to why! Case, why are doctors that are experts in that specific field with the answers on them too surgeon. Only 1 doctor, and every kid dreams of being that person who rescues.! Physicians deserve to be only 1 doctor, and ended up being 36 hour shifts which exhausting... And that hospital runs efficiently then he is the king offers some bold on... 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