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The money is probably going into custom homes, the practice, malpractice insurance, children's education, restaurants, and vacations.
by itronitron 8y ago
The money is probably going into custom homes, the practice, malpractice insurance, children's education, restaurants, and vacations.
- darawk 8y agoWhat? No. Doctors make good money, but not enough to explain anywhere near the costs seen in the healthcare system. Doctors make between 200k and 1mm/year depending on how specialized they are. That isn't even close to sufficient to explain the cost inflation in healthcare.
- itronitron 8y agoTrue, I am just pointing out where their income is likely going. Is there any good source of hard data on the billing amounts and quantity by doctor, practice, or hospital?
- pishpash 8y agoIt's the administrative apparatus of hospitals. Not only doctors, but staff, admins, real estate, etc. Notice how swanky some "clinics" are? Also doctors' pay does grow at super-inflationary rates according to data. That's at least part of the story.
- nicoburns 8y agoI agree that doctors aren't where the money is going, but that's still a lot more than doctors in the UK earn! https://www.healthcareers.nhs.uk/explore-roles/doctors/pay-doctors%20 https://www.healthcareers.nhs.uk/explore-roles/doctors/pay-d...
- maxxxxx 8y agoMaseratis are also not cheap.
- lotsofpulp 8y agoMaseratis are the lower tier of luxury cars.
- pishpash 8y agoIsn't a big portion going into paying back med school loans? If so then you're also subsidizing the private education sector, another example of market failure.