Reply to With med schools going debt-free.. expansion into other fields?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Money rolls in for med students, enough for them to pay off their loan. Not sure of the wisdom of subsidizing a relatively lucrative profession. We would all be better served by subsidizing starving artists/musicians and/or other creative professions. [/quote]

I can't agree with you here.  My nephew just started his residency in a major city.  He's 300,000 in debt with a young son and his wife is a teacher.  He makes $56,000 a year working round the clock plus a mortgage.  Point is, the level of debt is crushing for a couple with advanced degrees in two noble professions..  Another anecdote is my husbands law partner's daughter is $500,000 in debt after med school (a combination of undergrad and med school).  She is choosing to work in a low income area in the South for a number of  years (10?  not sure exactly)  in order to be eligible for debt forgiveness.  Those that sign up for the medical profession are not in it for the money - maybe someday - but it is a very long road if your parents are not able to shell out an additional $300 K.  [/quote]

Residency is part of medical school/licensing.  He's making more than many others.  It was his choice to go to an expensive school.  He will make much more later on.  Plus, if they could not afford a house, they should have waited.  [b]They make $100K combined[/b], maybe more.  [/quote]

DP.  $100,000 combined is not a lot of money in many areas, including DC.  You clearly don't value doctors and what they contribute to society.  Unlike you, I'd prefer to subsidize doctors than starving artists and musicians.  By your logic about the doctors waiting if they can't afford a house, maybe arstists should pick a different career if being an artist doesn't pay enough.  Why do we need to subsidize them, after all, it is their choice to become artists.[/quote]

Residency is a short period of time after which doctors make an average of $200k.  Some specialties make $500k+ If medical school costs go down salaries should too.[/quote]

My 7 years of residency and fellowship didn't feel short.[/quote]

But they were your choice!  You chose that level of specialization in order to make more money or pursue a professional interest!  You could have done something shorter if you wanted.[/quote]

I hope you never need a doctor in a specialty that takes years of residency.  I'm not a doctor and none of my kids have any interest in the medical field, but I do see the inequity in imputing parents' income and assets to someone who is in grad school, even grad students who are married and in their thirties.  [/quote]

And how exactly is this related to the idea that if medical school costs less specialists should make less money?  I’m not seeing the connection here.  A lot of professionals do important jobs and make big sacrifices, that doesn’t necessarily mean they need to make a huge sum.[/quote]

Let be real. the training to become a doctor sucks alot... you have to incentivize people to go through this.. otherwise you wont have that cardio-thoracic surgeon you desperately need because who in the world would go through pre med, med school and 7+ years of 100 hour work weeks to learn the craft otherwise??? Would you be OK with not having access to his speciality if you needed it because I guarantee it that on one would do that for a salary of 100K or less... come on.[/quote]

This isn’t a thought experiment, dude... doctors earn less in other countries.  They also pay less for schooling and can often start medical school out of high school, saving years of training.  You could say “oh those doctors aren’t as good” except many of them come to the US.

If the US wants to pay less for healthcare, perhaps one of the many ways we need to do that is by paying less for the health provider, in addition to paying less for drugs and hospital visits.[/quote]

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