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Physician salaries have been declining. The extra profit has been steadily taken by insurance companies, administration, pharma, and device manufacturers. Resi
by mushbino 5y ago
Physician salaries have been declining. The extra profit has been steadily taken by insurance companies, administration, pharma, and device manufacturers.
Residency acceptance is restricted by demand, not the other way around.
My partner is in their last year of residency.
- yardie 5y agoGP, or PCP, salaries are down. Pushing new entrants with huge loans into specializations, which pay better. So you have a huge demand at the basic level and a limited supply since fewer doctors want to do general practice. The market should take care of this, but you have the monopsony of insurers controlling reimbursement.