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Reply to "More Teachers become millionaires than doctors?"
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[quote=Anonymous][quote=Anonymous]https://www.thescopeofpractice.com/why-are-teachers-more-likely-than-physicians-to-become-millionaires/ Is this study legit? It seems so very counter dcum legend of buying million dollar houses and working in tech sales and keeping up with the joneses. Also why aren’t lawyers in this list? [/quote] Health insurance companies have all the power. More doctors are employees working for insurance/hospitals groups vs in private practice. Even the ones in private practice experience down ward pressure on what they can charge because the insurance companies set the pricing models. So the money in healthcare is being gobbled up by the insurance/healthcare groups and not the doctors. Remember healthcare in the US is 18.3% of GDP. Other “first world” countries are about 10-12% and some of them have a larger percentage of elderly. That 6-8% of the GDP is taken by healthcare insurance companies. [/quote]
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