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The first step is to actually start spending more money, specifically on grants for med students. One of the reasons we have to pay doctors so much is because t
by curun1r 9y ago
The first step is to actually start spending more money, specifically on grants for med students. One of the reasons we have to pay doctors so much is because they have so many loans to repay. I've been told that between med school and the low pay during residency, a doctor's break even point can be around age 40. If we paid them less, they might not get out of the hole with time left to save for retirement. But if we can keep them from going so far into debt to become a doctor, it'll be more reasonable to pay them less. Other countries have programs to help or even fully subsidize their training...we should have something similar. Because the way it is now, they get bitten by interest twice, on their loans and on their inability to save for retirement during their 20s and 30s.