A media blitz has been going on to demonize Doctor salaries. It's obviously funded by the Healthcare-Pharma Complex, to deflect blame onto Doctors for high Healthcare costs.
It is the worst kind of gaslighting against doctors, because the exact opposite situation is true.
First, doctor pay is 6-9% of all Healthcare costs, so even if they worked for free, it would hardly put a dent in Healthcare spending.
Second, many young doctors may not realize this, but Congress froze Medicare payments to doctors in 1997, and real salary adjusted for inflation decreased 80% since then!
Medicare work-RVU payment-
2000: $36.69
2024: $33.29
Inflation since 2000: 70%
Meanwhile, hospital payments and insurance premiums have OUTPACED INFLATION since 2000. That is where the problem lies.
People will argue that doctors are paid more in the US, but so is every other profession- law, finance, tech, nursing, etc.
Average nurse salary-
USA: $82,750
Germany: $33,000
Also, the US has fewer doctors per capita than Europe, resulting in more office visits and procedures per doctor.
And US doctors have on average $227,000 in debt compared to none in Europe. If you just invested that money in the S&P at it's historical return of 10.26% for 45 years, adjusting for inflation, you get $22.97 Million. That is the opportunity cost of becoming a doctor in America.
Anyone blaming doctor pay, which is down 80% the past 25 years, for our high healthcare costs, needs to read this thread and face the facts.
@CariCole@DrPlantel No emergencies? Car accidents? Strokes? Heart attacks? Broken bones? Yeah just rub some garlic root on it, and you’ll be fine. Same BS I hear from patients who get chiro adjustments to treat dementia.
@dylanmatt Do a simple Google search of nearly any non-profit hospitals taxes and you’ll see maybe one or two physicians as top earners whereas the rest are CEO’s and c-suite personnel. Do better.
A tariff is a TAX.
The company pays it — then passes along the cost as a price increase to YOU.
So Donald Trump is raising YOUR taxes 25% — in January.
@NeuroNupe17 So paying 75-100k for a masters which will pay you less and is more difficult to get into decent paying jobs is better than getting a full ride in a doctorate program?
@PamKeithFL They’ll keep voting for trump, GOP, and against their own self-interests as a subjective sign of intelligence against the “woke” mob, the “alphabet people”, and minorities. #thoughtsandprayers.
@olsonplanner Moreso wishful thinking. Just a bummer it’s even a possibility given I would not have ever went for a graduate degree without the pslf program available.