The medical malpractice crisis is over

But, Kevin, you’re not supposed to go into medicine for the MONEY….the satisfaction of helping all those sick people should MORE than make up for the fact that physicians get paid less each year as their responsibilities, techonogical skill and knowledge base grow….

Remember the Hippocratic Oath -”Self pay means no pay and insurance and Medicare pay even less….”

(Hey, everyone else makes up what the Oath is supposed to say, so I decided to try it myslf….it’s kind of fun….)

Look at the after-expense compensation figures at the top of the site. I have about as much sympathy for providers whining about only making hundreds of thousands of dollars per year as I would if I heard the same complaints from the CEO of Exxon. Fortunately for the providers, years of conditionig of the American sheeple has inured the same to even quisically evaluating the whining that comes from the provider class.

“…educational costs, opportunity costs, equivalent hourly wages, and potential liability are accounted for…”

All of which have squat to do with the money raked in by the “alloquaidas.” Restrict the supply while forcing the demand to go through this restricted supply for most services… That is the reason that the mean after-expense compensation rates for providers are the highest for any profession in this country.

more concierge medicine is on the dock. free market will win anyway, whatever regulation someone wish to put,it never works.

“The baffling arrogance of these statements, generally coming from physicians who have never worked in any other field, is just staggering.”

Your baffling arrogance in such a sweeping statement is offensive. Some of us just happen to have had many menial jobs in research, waiting tables, killing mice and choking chickens (no, I am not making that up),etc., before making the investment of time and money to become a physician. Guess what? Some of us even VOLUNTEERED to do these things.

Many of those with lesser incomes have a huge head start, in many cases having ten years of income and 401k contributions before I turned my first dime. Not to mention that you go from a zero to the top tax bracket instead of earning money at the lower rates most working people pay. How many working people have a negative net worth well into their thirties and have a six figure mortgage (i.e. medical school debt)before they have a roof over their head?

And I do support the free market. The free market rate is HIGHER than I am paid by any third party payor. Get a clue.