Who wins the salary competition and why:
. . . society perceived that the pricing mechanism for doctors’ services was broken. That is, if the free market set the price, many citizens would not be able to afford to pay. And society believes implicitly that health care should be widely available to citizens. (That doesn’t mean everybody. 40 million Americans are not covered by health insurance but many of them can get care at hospital emergency rooms.)But given the perception of a broken pricing system, government and managed care organizations intervened. Thus, if a doctor takes patients who do not directly pay their own bills — but rely on Medicare, Medicaid, or an HMO — then the price for that service is set by someone other than the doctor.
(via The Medical Quack)
Related posts:
- How to lure doctors to remote areas?
- A warning to those who want government negotiation of drug prices
- 5 anonymous doctors tell all
- Can a free market in health care really exist?
- The NHS is just one big HMO
- Health care is not a right
- Support balance billing; How doctors lose money; Finding rural doctors; Online medicine thriving
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{ 1 comment }
Cmon. I knew I was never going to make what a hedge fund manager makes when I entered medical school. None of us do.
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