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Reply to "Doctors make too much money"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think a lot of you are completely missing the opportunity cost to go into these different specialties. My wife is a liver/kidney/pancreas transplant surgeon and did 4 years of med school, 7 years of general surgery residency (5 years + 2 research years), and a 2 year transplant specific fellowship. 13 years after graduation with 9 of those years being paid very little. Trust me, she would have made far more in other fields with how intelligent/driven she is, but she actually values helping her patients over $$$. This is just one example, but how is this worse than some random overworked investment banker or lawyer?[/quote] If we all agree our healthcare costs are too high nationally, it makes sense we are more critical of provider salaries than IB salaries. Of course, maybe our costs aren’t too high, and this is just what it costs to have the kind of healthcare we want. [/quote] There are a lot of examples elsewhere in the world showing we don't need to pay doctors ridiculous amounts to get high-quality care. What is it about the US system that makes this so screwed up? It seems to be that the health care system doesn't act like a market nor does it act like a government program. If we had a national health care system, government funding would basically limit spending. Look at what we pay federal employees, for instance. If it worked like a market, individuals would be more price-conscious and go to cheaper doctors. But because much of the market works through insurance, and insurance is mostly paid for by employers, there isn't that much price sensitivity.[/quote]
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