3 ms·

Another factor is not all doctor salaries are the same. Anesthesiologist 400k, Family practice or OB/GYN 200k. Anesthesiologist is buying a lamborghini, the fa

Another factor is not all doctor salaries are the same. Anesthesiologist 400k, Family practice or OB/GYN 200k. Anesthesiologist is buying a lamborghini, the family practice person needs a few years before they can entertain buying a house.

tastyfreeze 5y ago
Any idea why there aren't more people training to be anesthesiologists? A salary like that is a strong incentive for people to enter the professions. Or is this more of a training lag problem where it takes 12-14 years for a labor shortage signal like high salary to start being satisfied by new anesthesiologists?
- cyberge99 5y ago
  If I’m not mistaken they pay huge malpractice insurance amounts because a misdiagnosed dosage of a lethal chemical (sedative, anesthesia) can be, well, lethal.
- conanbatt 5y ago
  Skill markets are not very efficient: not all developers jump to blockchain or ML for example. Also there tends to be limits on how many slots for residences and practices there are for different specialties: the system is purposefully capped to make sure that there aren't too many doctors. The way to skip all of this is massive de-reg.
  - lostphilosopher 5y ago
    What are the government regulations that drive this? (If that’s what you mean?)
    - conanbatt 5y ago
      You can only practice medicine if you studied in the US. No doctor in the world can practice medicine in the US without having to re-certify their knowledge. Also, education is closely tied with government funding, so it's impossible to bootstrap a college or university to cheapen the cost of education. Thus you can only go all-in to medschool. This is not 100% accurate, there are some alternatives like PA's and NP's. So the current system can absorb only so much. There are also specific funding rules for residencies, which mean that the amount that is given is done based on gov funding.
- huitzitziltzin 5y ago
  Generally residency spots are limited. This creates a scarcity which keeps prices high. I doubt the claim of the commenter below who argues that it is malpractice insurance. There are by now plenty of “tort reform” states where malpractice payouts are capped. I would be very surprised if anesthesiology prices are any lower in those states.
  - tsol 5y ago
    Yep-- you get to choose your specialty in the sense that you get to choose which residency programs you apply to. There are limited spots and in reality people have to choose from what's available
    - tastyfreeze 5y ago
      Is there policy enforcing a limit on residency spots? Or is that just how many people can be trained with available teaching facilities?

tastyfreeze 5y ago

Any idea why there aren't more people training to be anesthesiologists? A salary like that is a strong incentive for people to enter the professions. Or is this more of a training lag problem where it takes 12-14 years for a labor shortage signal like high salary to start being satisfied by new anesthesiologists?

cyberge99 5y ago
If I’m not mistaken they pay huge malpractice insurance amounts because a misdiagnosed dosage of a lethal chemical (sedative, anesthesia) can be, well, lethal.
conanbatt 5y ago
Skill markets are not very efficient: not all developers jump to blockchain or ML for example. Also there tends to be limits on how many slots for residences and practices there are for different specialties: the system is purposefully capped to make sure that there aren't too many doctors. The way to skip all of this is massive de-reg.
- lostphilosopher 5y ago
  What are the government regulations that drive this? (If that’s what you mean?)
  - conanbatt 5y ago
    You can only practice medicine if you studied in the US. No doctor in the world can practice medicine in the US without having to re-certify their knowledge. Also, education is closely tied with government funding, so it's impossible to bootstrap a college or university to cheapen the cost of education. Thus you can only go all-in to medschool. This is not 100% accurate, there are some alternatives like PA's and NP's. So the current system can absorb only so much. There are also specific funding rules for residencies, which mean that the amount that is given is done based on gov funding.
huitzitziltzin 5y ago
Generally residency spots are limited. This creates a scarcity which keeps prices high. I doubt the claim of the commenter below who argues that it is malpractice insurance. There are by now plenty of “tort reform” states where malpractice payouts are capped. I would be very surprised if anesthesiology prices are any lower in those states.
- tsol 5y ago
  Yep-- you get to choose your specialty in the sense that you get to choose which residency programs you apply to. There are limited spots and in reality people have to choose from what's available
  - tastyfreeze 5y ago
    Is there policy enforcing a limit on residency spots? Or is that just how many people can be trained with available teaching facilities?