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It's the same reason the median radiologist in France will earn $150,000 while radiologists in the US can easily earn four to six times that depending on locati
by adventured 7y ago
It's the same reason the median radiologist in France will earn $150,000 while radiologists in the US can easily earn four to six times that depending on location. I know a radiologist in the middle of nowhere - one of the poorest states in the US, small city - earning over half a million per year, or roughly 15 times the median full-time income there. In major cities they can get up around a million dollars per year.
The healthcare industrial complex racket is a wealth transfer from everybody else to a million people working overly compensated jobs in the healthcare sector, from admin to doctors to nurses to IT workers to insurance salespersons.
Everyone complains about the wasted money in the military industrial complex. The healthcare industrial complex is 5x worse when it comes to that, or roughly a minimum of $1 trillion in overspending. The reason there are so few suggesting spending cuts in healthcare, is because there would be a never-ending line of strikes if you attempt to slash pay. The Democrat candidates for President for example all know we have a vast overspending problem in healthcare, they know taxes on the middle class have to go up to match Europe (for the same reason their taxes are so high), and salaries have to go way down in the healthcare field to similarly match Europe, and yet none of them dare say it.