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I agree with other posters commenting on the overhaul needed for the pharma and device industry. But our approach to educating, training, and paying doctors also needs a massive overhaul. We’re at a point where med school is only achievable by the wealthy.
I am not going to pretend I have thought through the entire approach, so there are lots of holes to poke. But I do think at a minimum, med school should be subsidized by the government since doctors (those in practice and in research) serve the required greater good. It’s not easy to get into med school so it’s not as if providing the subsidiary on will all the sudden allow a bunch of dumb people to attend. Intern and residency hours need to be reduced and normalized so that we don’t have those that should be saving lives in a constant state of sleep deprivation. How doctors are compensated and insurance requirements also need a major overhaul. No one should go for their annual physical and not be able to ask their doctor questions about anything bothering them for fear that the doctor is then going to take a free exam and add a bunch of extra charges. |
And more than all of the hedge fund jerks too. |
Very true. It is more cost effective for them to hire someone new and pay them 325 then to continue paying your DH more.. |
Unfortunately doctors are not viewed as worthy of high salaries anymore. |
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Not sure why doctors get whiny and secretive when asked about their salaries.
According to this published data (FACT) even Nurses are killing it (good for them). I have no doubt Doctors are making at least a couple of times more than this income (If not just become a Nurse). https://www.gradreports.com/best-colleges/nursing - Undergrad - Top median salary is $110K, one year after graduation (at 23-24 years) https://www.gradreports.com/best-graduate-schools/nursing - Grad school - Top median salary is $188K, after one year of graduation (25+ age). These salaries are way more than MBA, MS in CS and other Master's programs. |
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My husband is an anesthesiologist. I am a psychiatrist. We met in med school and work at the same hospital. This is a little tricky to answer since a lot of our salary comes from call or is RVU based. We make roughly $150-200/hr.
I make about $110k/yr working about 20 hours/wk. my husband makes about $400k working about 60 hours/wk. We both make more if we take more nights/weekends. |
Ok, about those numbers. 1) The undergrad schools with graduates making over $100K are all in California. Nurses in California are unionized and make almost twice what nurses make in other parts of the country. Not based on cost-of-living but on the union. I'm an RN with 10+ years experience and was offered $175K in Sacramento and $70K at Georgetown and GW--for the EXACT same job. Nursing salaries are nuts in California and don't reflect the reality anywhere else. The schools in the next band of salary are all near NYC. Nurses in NYC make in the high 90s. Mostly because well, it's NYC. Hard to live on less than $90k so the hospitals find the money somewhere. 2) The grad schools with salaries >$100K are all nurse anesthesia schools. Nurses anesthetists can make $150-200K. However, the school spots are limited, the schooling is expensive itself ($150K+ for the degree) and the job market is completely saturated in areas that are desirable to live in (i.e. the East coast---plenty of jobs in rural, middle America). Plus, many nurses don't go into nursing to be in an OR all day, watching monitors. There's little patient interaction so while it's a great field income wise, it will only appeal to a very small fraction of nurses. |
Because doctors are better people than lawyers. -a lawyer |
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I left medicine to go into pharma, not because of the money but because of the work-life balance, I miss the clinics every day, but just not sustainable for me
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Gov't lawyers top out at what 225-240k if you're at a financial regulator? How many drs do you know or do you see on this thread making less than 240k? The ones who've posted here making less than 240k all seem to work part time so presumably make about 1/2 of a regular salary. I feel like you'd have to affirmatively TRY to be a dr. and make less than 250k -- like go part time, go to some underserved community clinic gig in the northeast etc. Though I do agree there's no reason for drs. to be making less than a quarter million. |
Actually I know plenty of physicians working full time who make less than $250k. A lot in the government make far less and even the ones on title 38 pay tend to make less than that (sure some top earners at fda/cdc/nih make more). Plus I know a fair number (mostly in primary care) who are making $180-200k. I'm a physician and make more than that but used to work for the military and was paid $140k before I got out |
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I make $175/hr for a regular visit and $245/hour for a new admission visit as an internal medicine doctor specializing in dementia residents, ie, in assistive livings, nursing homes, hospice, etc.
I think if I was full time it would be a salary of maybe. 275k or something? Not huge. The orthopedist groups and dermatology guys and gals are the ones pulling in 2-3 million, but they own their own practices and the dermatologists make a lot off their skin care clinics they all have (Botox, fillers, etc) |
I have to agree with this. - a doctor from a family of lawyers |
Gov't/military drs. making less than 250k to me falls in the category of actively trying to make less than 250k but choosing certain life circumstances. Those same drs. could go to a "regular" job situation whether private practice or university health system or whatever and make 250k+. I do think primary care needs to see a bump esp. in this area. If they are making 180-200k in the northeast, then I can see why many are choosing not to go into primary care and just go specialty where they'd at least be guaranteed 300k+ for their time and trouble of working all the time/going to school/residency etc. Paying these folks below 200k is the reason that in many areas (like DC) it's a huge problem to get in with a PCP when you need one; sure you can see an NP or whatever, but sometimes you NEED an MD and no one is taking new patients or if they are taking new patients, they'll see you in 6 mos. Supply would increase if comp increased. |
You don’t sound very familiar with salaries. Like at all. Underserved gigs are where they pay well. Tons of doctors in this area making less than $250 and working full time. What do you think pediatricians make? Military drs top out at just under $200K (my husband is one in what would be extremely lucrative out of the military). So comparatively still making less than government lawyers. And, we’d love to get out. Being general practice or pediatrics in the military is sometimes better pay than civilian, because their pay scale is based more on rank. Being one of the higher paid specialities is far less in the military. |