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That's a very strange way to consider salaries. 7% of the healthcare output is extraordinary. By any measure US doctors are obscenely overpaid for what is ultim
by dnomad 8y ago
That's a very strange way to consider salaries. 7% of the healthcare output is extraordinary. By any measure US doctors are obscenely overpaid for what is ultimately not very creative or challenging work. On average US doctors earn 2-5x more than doctors in other developed countries [1] -- while delivering significantly worse healthcare outcomes. Some estimates put this "excess income" at an extra $100 billion a year but I've seen estimates of a quarter trillion a year that gets sucked up by doctors -- again, for delivering worse care.
The priestly incomes that these NYU graduates will go on to earn is precisely why NYU can offer free tuition. Attracting the best medical talent, even if you pay for all their training (call it half a million dollars a pop), can probably still be profitable if this talent can be leveraged by NYU's network of private care facilities.
[1] https://www.politico.com/agenda/story/2017/10/25/doctors-salaries-pay-disparities-000557 https://www.politico.com/agenda/story/2017/10/25/doctors-sal...
- briandear 8y ago> On average US doctors earn 2-5x more than doctors in other developed countries Software developers also make 2-5x more than developers in other developed countries. So do many other professions.