What are some good practical steps?
But seriously, what can we do as Econ profession to decrease MD salaries?
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A single payer health care system.
That way government would have the say on how much money MDs get for what procedure.Governments already have a say -- 50¢ of any $1 of health expenditure goes straight to an MDs wage -- they already spend >50% health expenditure.
Double the amount of MDs, reduce reimbursements and collective rate setting between insurers and hospitals, using a board of government economists as arbitrator if (a) they exceed the global budget, or (b) fail to achieve an outcome.
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LOL this doesn't work either. MD salaries in Canada are outrageous. Imagine having your education paid for and then getting 400K/yr to work as a dermatologist.
A single payer health care system.
That way government would have the say on how much money MDs get for what procedure. -
MDs love to say they support single payer but then they see their comparable salaries from other countries and secretly hire lobbying groups to dismantle what everyone knows is the only solution to fixing American healthcare.
Imagine the outrage of some Karen who spent 8 years in med school/residency only to be paid 150k after reforms are passed. Ah, one can only dream.
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look at salaries in Canada. MDs have it made.
MDs love to say they support single payer but then they see their comparable salaries from other countries and secretly hire lobbying groups to dismantle what everyone knows is the only solution to fixing American healthcare.
Imagine the outrage of some Karen who spent 8 years in med school/residency only to be paid 150k after reforms are passed. Ah, one can only dream. -
MDs love to say they support single payer but then they see their comparable salaries from other countries and secretly hire lobbying groups to dismantle what everyone knows is the only solution to fixing American healthcare.
Imagine the outrage of some Karen who spent 8 years in med school/residency only to be paid 150k after reforms are passed. Ah, one can only dream.They make no secret out of being against single payer.
Many of them voicing their opinions openly on Twitter
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The average gross clinical payment to family medicine physicians in Canada was just more than $275,000, while medical specialists’ average gross payment per physician was $347,000 and surgical specialists’ average payment was $461,000. Ophthalmologists grossed the highest average payment, at $714,000, and psychiatrists grossed the lowest, at $266,000 per physician.
https://secure.cihi.ca/free_products/Physicians_in_Canada_2016.pdf
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MDs love to say they support single payer but then they see their comparable salaries from other countries and secretly hire lobbying groups to dismantle what everyone knows is the only solution to fixing American healthcare.
Imagine the outrage of some Karen who spent 8 years in med school/residency only to be paid 150k after reforms are passed. Ah, one can only dream.They make no secret out of being against single payer.
Many of them voicing their opinions openly on Twitter"Medicare pays me next to nothing! I would simply go out of business. It's those greedy admins and insurance companies. My 500k salary in the Bay Area and kids in private school only shows I am compensated too little, if anything"
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Create an organized interest group to do two things: (a) lobby state legislatures to help/order state universities to create medical schools, and (b) sue medical schools or the AMA for cartel-like behavior. (Then testify as expert witnesses in the case.)
But I don't know whether either option is feasible.
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You obviously aren't from Canada. Medical school is expensive here, and physician salaries are nowhere near that much, unless you're a surgeon.
LOL this doesn't work either. MD salaries in Canada are outrageous. Imagine having your education paid for and then getting 400K/yr to work as a dermatologist.
A single payer health care system.
That way government would have the say on how much money MDs get for what procedure.