3 ms·
While this might be the case in many businesses, physicians generally pay their own malpractice insurance (which can easily be more than $10k a year) out of poc
by nlarew 10y ago
While this might be the case in many businesses, physicians generally pay their own malpractice insurance (which can easily be more than $10k a year) out of pocket. The litigious nature of the medical system as a whole in America drives these costs way up and it makes a noticeable impact in not only how much doctors take home but how they act to cover their asses from a lawsuit.
Conference expenses and the like are still often covered by the group though so that's at least something.
- maxerickson 10y ago$10k doesn't seem so bad if you are billing at a rate of $2 million a year. (Of course utilization isn't 100% and primary care doctors aren't billing at that rate, but that's often the rate for a not particularly expensive specialist visit)
- Consultant32452 10y agohttp://www.aafp.org/news/practice-professional-issues/20150513salaryreport.html http://www.aafp.org/news/practice-professional-issues/201505... >On average, primary care physicians overall -- and family physicians, specifically -- earn $195,000 annually, compared with $284,000 for physicians in other specialties