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1) is it a rounding error? There are a lot of doctors, every one of them making a lot of money. I don’t know but every doctor making a lot more every year has g

by rland 7y ago

1) is it a rounding error? There are a lot of doctors, every one of them making a lot of money. I don’t know but every doctor making a lot more every year has got to add up. 2) Doctors are overtrained. This is by design, to keep salaries high. Nothing about their job demands the salary they command other than the artificial scarcity imposed by regulation. How about: streamline the process of becoming a doctor; remove 4 year degree requirement, lower cost of med school or make it free. This has the benefit of both improving care (more doctors/patient) and making care cheaper (fewer ludicrous salaries). Absolutely I believe doctor pay is a big part of the racket on the hospitals end. A fair amount of it goes to the higher education racket via student loans, but I guess that is a different problem.

pixelmonkey 7y ago
"Is it a rounding error?" Likely yes: https://i2.wp.com/www.dgarciamd.com/wp-content/uploads/2016/07/chart-Administrator-cost.png https://i2.wp.com/www.dgarciamd.com/wp-content/uploads/2016/... "There are a lot of doctors, every one of them making a lot of money." So what? That's the way it is supposed to work for highly skilled jobs adding tons of societal value in our capitalist society. What, sacrificing your 20s and 30s isn't enough for you? You also want doctors to sacrifice their future, their comfort into adulthood, and their retirement? All the while keeping a steady hand on the scalpel while they operate on you and your children? There is nothing wrong with well trained and well skilled people getting paid to do what they love -- especially if that hugely benefits society. Go looking for overpaid waste in leech sectors like finance and insurance instead. I agree with you on the rest. Doctor pay isn't a "racket" though -- you are seeking the wrong boogeyman. Remember, in the healthcare system, they are the ones adding so much of the value, at the cost of personal time, training time, opportunity cost, and emotional cost. Can the same be said by the millions of administrators in the back office of highly profitable private insurers?

by rland 7y ago

pixelmonkey 7y ago

"Is it a rounding error?" Likely yes: https://i2.wp.com/www.dgarciamd.com/wp-content/uploads/2016/07/chart-Administrator-cost.png https://i2.wp.com/www.dgarciamd.com/wp-content/uploads/2016/... "There are a lot of doctors, every one of them making a lot of money." So what? That's the way it is supposed to work for highly skilled jobs adding tons of societal value in our capitalist society. What, sacrificing your 20s and 30s isn't enough for you? You also want doctors to sacrifice their future, their comfort into adulthood, and their retirement? All the while keeping a steady hand on the scalpel while they operate on you and your children? There is nothing wrong with well trained and well skilled people getting paid to do what they love -- especially if that hugely benefits society. Go looking for overpaid waste in leech sectors like finance and insurance instead. I agree with you on the rest. Doctor pay isn't a "racket" though -- you are seeking the wrong boogeyman. Remember, in the healthcare system, they are the ones adding so much of the value, at the cost of personal time, training time, opportunity cost, and emotional cost. Can the same be said by the millions of administrators in the back office of highly profitable private insurers?