Doctors and Surgeons in America are incredibly highly paid. People love hating insurance and drug companies but the cost of people is driving much of the price.
Physician salaries represent a small fraction of overall healthcare costs. Nursing/allied health salaries make up the bulk of any hospital’s costs and are often bloated due to powerful unions physicians don’t have.
For comparison, Canadian physicians are on average better compensated than American physicians.
I practice radiology, a specialty often considered “overpaid” yet my compensation is only high because of the amount of advanced studies ordered in modern medicine. On a per study basis I get paid less and less every year yet scans are getting more and more complex (many studies on this). In addition the standard to which I am held to keeps rising and I spend a significant amount of time doing unpaid QA, following up on my reports to improve my ROC, and at least a few hours every week reading the latest publications in my sub specialty.
The average diagnostic radiologist in the USA is grossing around 400k (no retirement fund, pension, and commonly no benefits).
What is reasonable compensation in your opinion for someone who has finished 10+ years of post-undergrad training and accepts significant liability for every report (a radiologist at HMS missed a lung nodule on an X-ray and lost 16 million in court)?
My brother and his wife both are doctors in the UK. At 400k you earn about the same pay as 3 or 4 doctors there. https://www.bmj.com/careers/article/the-complete-guide-to-nh.... To me that is a lot of money. I realize lots of tech wages are crazy high too, I dont understand that either.
