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I also heard that doctor's salaries in general are significantly impacted by hospitals and insurance companies and it's hard to make the same sort of money now

I also heard that doctor's salaries in general are significantly impacted by hospitals and insurance companies and it's hard to make the same sort of money now as you could in the past. Is there any truth to this?

skybrian 7y ago
I don't know, but apparently they make a lot more in the United States than in most other countries? https://journal.practicelink.com/vital-stats/physician-compensation-worldwide/ https://journal.practicelink.com/vital-stats/physician-compe...
- Scoundreller 7y ago
  Usually. But there can be a lot of variation amongst the specialties, to the point where practicing in the US isn’t the best option.
  - wolco 7y ago
    Curious where it isn't the best option. A lot of other countries have more restrictions which forces down wages. My guess would be somewhere without taxes?
user5994461 7y ago
For reference, it's $200-400k base for anybody with a medecine degree right out of school, depending on the specialty. https://h1bdata.info/highestpaidjob.php https://h1bdata.info/highestpaidjob.php If you thought Silicon Valley engineers had it well, think again. The 500-1000k doctors are real and listed right there, unlike the mythical staff engineer who hit the jackpot at a GAFA and can only live in the valley. Keep in mind that H1B workers are always paid 10-20% less than local workers, so doctors actually make more than these numbers.
- mac01021 7y ago
  The cost of their degree is an order of magnitude greater, though.
  - user5994461 7y ago
    Is is though? I am not familiar enough with US degrees but I don't think that a master or PhD in medicine is significantly more expensive than in another discipline (computer science, engineering, electronics, maths and statistics if we're talking about the HN and GAFA population).
    - wikibob 7y ago
      Yes it is more expensive. “The median cost of medical school attendance, including living expenses, was $60,945 a year for public medical school and $82,278 for private medical school.” https://www.nytimes.com/2018/08/16/nyregion/nyu-free-tuition-medical-school.html https://www.nytimes.com/2018/08/16/nyregion/nyu-free-tuition... Effectively all PhD’s in hard sciences are fully funded including a (small but livable) stipend for expenses.
      - daniel-cussen 7y ago
        That's also because of the AMA.
- natalyarostova 7y ago
  I knew a guy who went to Stanford then became a doctor. While his friends were living in luxury in their 20s, he was working 90-100 hours a week and sleeping in a dingy old bed in a hospital room without AC, while he was on call. It was that point I truly understood what people mean when they say you don't become a doctor for the money. very few exceptions. Although you do see some in plastic surgery and other cosmetic medical fields.
- bobthepanda 7y ago
  What is GAFA?

skybrian 7y ago

I don't know, but apparently they make a lot more in the United States than in most other countries? https://journal.practicelink.com/vital-stats/physician-compensation-worldwide/ https://journal.practicelink.com/vital-stats/physician-compe...

Scoundreller 7y ago
Usually. But there can be a lot of variation amongst the specialties, to the point where practicing in the US isn’t the best option.
- wolco 7y ago
  Curious where it isn't the best option. A lot of other countries have more restrictions which forces down wages. My guess would be somewhere without taxes?

user5994461 7y ago

For reference, it's $200-400k base for anybody with a medecine degree right out of school, depending on the specialty. https://h1bdata.info/highestpaidjob.php https://h1bdata.info/highestpaidjob.php If you thought Silicon Valley engineers had it well, think again. The 500-1000k doctors are real and listed right there, unlike the mythical staff engineer who hit the jackpot at a GAFA and can only live in the valley. Keep in mind that H1B workers are always paid 10-20% less than local workers, so doctors actually make more than these numbers.

mac01021 7y ago
The cost of their degree is an order of magnitude greater, though.
- user5994461 7y ago
  Is is though? I am not familiar enough with US degrees but I don't think that a master or PhD in medicine is significantly more expensive than in another discipline (computer science, engineering, electronics, maths and statistics if we're talking about the HN and GAFA population).
  - wikibob 7y ago
    Yes it is more expensive. “The median cost of medical school attendance, including living expenses, was $60,945 a year for public medical school and $82,278 for private medical school.” https://www.nytimes.com/2018/08/16/nyregion/nyu-free-tuition-medical-school.html https://www.nytimes.com/2018/08/16/nyregion/nyu-free-tuition... Effectively all PhD’s in hard sciences are fully funded including a (small but livable) stipend for expenses.
    - daniel-cussen 7y ago
      That's also because of the AMA.
natalyarostova 7y ago
I knew a guy who went to Stanford then became a doctor. While his friends were living in luxury in their 20s, he was working 90-100 hours a week and sleeping in a dingy old bed in a hospital room without AC, while he was on call. It was that point I truly understood what people mean when they say you don't become a doctor for the money. very few exceptions. Although you do see some in plastic surgery and other cosmetic medical fields.
bobthepanda 7y ago
What is GAFA?