I see a lot of comments that we need more doctors to be able to pay doctors less. There are of course exceptions but I really don't think 300k a year is unreasonable when coming out with nearly 600k in debt in a field with such high burn out and liability risk.
Unlike salary position that 300k, at least in my field, is all via private equity and we are all independent contractors--meaning does not include any vacation, any paid time off, any sick days, any retirement or medical care or insurance of any kind.
I have not seen a raise since I started which was prior to covid. I'm not saying I need a raise I am well paid but again to be 500k in debt with zero benefits and I see on Reddit buckees managers or UPS /fed ex drivers making 150 to 200k with benefits and the ability to call out sick and the ability to not lose everything because of a single case where you follow standard practices or guidelines followed around the country but something bad still happens.
I go to work everyday with the understanding that the majority of my colleagues have been sued and even if not career ending the stress is enormous. At work I wear a tracker so that every fart and cough and patent interaction can be tracked. A VIP club of patients that donates to the hospital can ruin me with some bad reviews. A stray comment about poor care by an ems crew can end my career (as they bring the hospitals patients).
I don't believe doctors are overpaid and we need more to bring their pay down. A patient will get billed 2000 dollars if they ask for a burrito out front in triage, walk in, are told by me that Taco Bell is across the street, and they promptly walk out without a single test done.
On the other hand I may see sixty people in a busy night which require procedures such as being intubated and put on a ventilator, fractures being reduced , etc.
A major problem is private equity in medicine. Everyone should be focused on removing these groups which skim money off everyone both doctors and patients included. Even if the argument that somehow their efficiency increases result in extra money to the system they can feed on there is no reason why hospitals can't group up and also be efficient and cut them out and pass down savings to the customer or not overwork us docs or treat us like expendable McDonald's employees. The lack of working directly for the hospital there is no metric for skill or seniority or anything like that you are an expendible piece of meat/fall guy that they load down with as many mid level providers as they can get away with
I wonder if "Dcotor" ought not be a short career—one where you transition out after, say, two decades. Perhaps they establish a role of mentor within hospitals where "aged-out" doctors can be a part of new surgeons surgeries.
Everyone gets paid what they can demand and everyone pays as little as they can get away with, it's nothing specific to doctors or private equity.
> we need more doctors to be able to pay doctors less
I don't think this is really the point being raised. We need to relax the artificial constraints on the number of doctors. This would lead to more doctors. There's likely to be a side effect which is that doctors get paid less.
While the net effect is doctors getting paid less, it's not the reason.
> I see a lot of comments that we need more doctors to be able to pay doctors less. There are of course exceptions but I really don't think 300k a year is unreasonable when coming out with nearly 600k in debt in a field with such high burn out and liability risk.
Why would a doctor start their career with a 600k debt, though? THAT is the problem.
In Belgium you can start your career as a doctor with zero debt and around 75k salary, working 35 hours per week. It's comfortable and lets you live a normal life.
We still have a shortage of doctors though like everywhere else, regardless of how well or how bad doctors are paid.
Complicated question, speaking from the U.S. There are huge disparities in pay depending on specialties, and some specialties earn frankly far too much approaching $750,000 - $1,000,000 annual salary in some markets (think orthopaedic surgeons, neurosurgeons, interventional rediologists). The chance at obscenely high compensation convinces students to accrue huge amounts of debt and take on enormous personal risk. Meanwhile, few actually make it into these specialties and many end up in specialties with much lower compensation such as family and internal medicine. It's become a very high stakes system where the participants make huge sacrifices and take on enormous risk for enormous gain
I understand the point is not getting more doctors to pay doctors less.
However when people mention how getting more doctors will reduce physician pay naturally the argument they are putting forth is that somehow physician pay in America is higher than it should be.
That consumers are being gouged on scarcity. That physician pay is currently a "problem" that could be remedied if there was sufficient workforce and physician pay is responsible for your astronomical bills.
I do not think the salary has as much room to go down as people think given the 500k plus debt , years of schooling and residency , pressures of working the job , enormous liability , the fact the pay includes zero sick days /vacations , paid days of any kind , benefits, retirement, insurance etc.
My argument as a physician is this is the least of the problems in healthcare financing and your bill.
The two thousand dollar charge for waking into the hospital then promptly walking out was a real world example --not an exaggeration. The amount charged for that one patient would pay my wage for the night and it was 1 in 60 and took approximately 5 minutes. You can only imagine what the other 59 patients getting critical life saving procedures , CPR , etc are getting billed.
If anything reading this story made me think maybe physicians should be taken care of better and have vacations , time off , etc instead of everything being designed to grind them down.
pedrosuave · · focus · HN ↗
Unlike salary position that 300k, at least in my field, is all via private equity and we are all independent contractors--meaning does not include any vacation, any paid time off, any sick days, any retirement or medical care or insurance of any kind.
I have not seen a raise since I started which was prior to covid. I'm not saying I need a raise I am well paid but again to be 500k in debt with zero benefits and I see on Reddit buckees managers or UPS /fed ex drivers making 150 to 200k with benefits and the ability to call out sick and the ability to not lose everything because of a single case where you follow standard practices or guidelines followed around the country but something bad still happens.
I go to work everyday with the understanding that the majority of my colleagues have been sued and even if not career ending the stress is enormous. At work I wear a tracker so that every fart and cough and patent interaction can be tracked. A VIP club of patients that donates to the hospital can ruin me with some bad reviews. A stray comment about poor care by an ems crew can end my career (as they bring the hospitals patients).
I don't believe doctors are overpaid and we need more to bring their pay down. A patient will get billed 2000 dollars if they ask for a burrito out front in triage, walk in, are told by me that Taco Bell is across the street, and they promptly walk out without a single test done.
On the other hand I may see sixty people in a busy night which require procedures such as being intubated and put on a ventilator, fractures being reduced , etc.
A major problem is private equity in medicine. Everyone should be focused on removing these groups which skim money off everyone both doctors and patients included. Even if the argument that somehow their efficiency increases result in extra money to the system they can feed on there is no reason why hospitals can't group up and also be efficient and cut them out and pass down savings to the customer or not overwork us docs or treat us like expendable McDonald's employees. The lack of working directly for the hospital there is no metric for skill or seniority or anything like that you are an expendible piece of meat/fall guy that they load down with as many mid level providers as they can get away with
JKCalhoun · · focus · HN ↗
I know, never gonna happen.
intrasight · · focus · HN ↗
paulcole · · focus · HN ↗
In the US if a doctor is remotely competent with money then this is very achievable.
potatototoo99 · · focus · HN ↗
jghn · · focus · HN ↗
I don't think this is really the point being raised. We need to relax the artificial constraints on the number of doctors. This would lead to more doctors. There's likely to be a side effect which is that doctors get paid less.
While the net effect is doctors getting paid less, it's not the reason.
david-gpu · · focus · HN ↗
Their work and living conditions are probably quite different from those of American doctors.
seszett · · focus · HN ↗
Why would a doctor start their career with a 600k debt, though? THAT is the problem.
In Belgium you can start your career as a doctor with zero debt and around 75k salary, working 35 hours per week. It's comfortable and lets you live a normal life.
We still have a shortage of doctors though like everywhere else, regardless of how well or how bad doctors are paid.
tossstone · · focus · HN ↗
pedrosuave · · focus · HN ↗
I understand the point is not getting more doctors to pay doctors less.
However when people mention how getting more doctors will reduce physician pay naturally the argument they are putting forth is that somehow physician pay in America is higher than it should be.
That consumers are being gouged on scarcity. That physician pay is currently a "problem" that could be remedied if there was sufficient workforce and physician pay is responsible for your astronomical bills.
I do not think the salary has as much room to go down as people think given the 500k plus debt , years of schooling and residency , pressures of working the job , enormous liability , the fact the pay includes zero sick days /vacations , paid days of any kind , benefits, retirement, insurance etc.
My argument as a physician is this is the least of the problems in healthcare financing and your bill.
The two thousand dollar charge for waking into the hospital then promptly walking out was a real world example --not an exaggeration. The amount charged for that one patient would pay my wage for the night and it was 1 in 60 and took approximately 5 minutes. You can only imagine what the other 59 patients getting critical life saving procedures , CPR , etc are getting billed.
If anything reading this story made me think maybe physicians should be taken care of better and have vacations , time off , etc instead of everything being designed to grind them down.
[deleted] · · focus · HN ↗
[deleted]