Quote:
Originally Posted by Yssup Rider
You gotta get the doctors to where the uninsured people are. and make a whole shitload more of them.
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Good luck with that.
I don't pretend to have the solution to the healthcare crisis. I think it may be a two-tiered system including private plans that cover everything (or you just pay for it out of pocket) and government plans that cap everything and cut off certain treatments after a point.
But we are kidding ourselves about doctors salaries. Even if med school was free, there is a huge opportunity cost to going med school.
After college you do another 4 years of med school and about 8 years of residency, during which time you are paid about $50K per year. So, you finally get to be a full-paid doctor around age 33-34. Only then do you start making real money.
But in the meantime, the people you went to college with have been working for over 10 years already and the smart ones (like you, since you had the IQ for med school) are making $200K+ per year and probably have for several years. They probably started out making $50K/year right out of college (the kind of money you only made as a resident) and kept going up. So they are already FAR ahead of you.
in the past, that was acceptable because a good doctor could reasonably expect to go on to making $300K to $500K depending on specialty.
But now, even that is gone. Because doctors' salaries are going to get squished, along with every other expense.
So, while a doctor may not have to pay med school expenses, there is still the lost opportunity cost. How is the government going to offset that?
I think a big percentage of the top of the class will forego med school and become lawyers, accountants, and business majors. Our loss.