How much do doctor's really make???

[moshquerade]

Not enough. Being a Specialist is where it's at.

 

[rudder]

Family doctors are like the minimum wage workers of the health industry. Many times if they see a medicare patients they lose money. they don't get reimbursed crap for what they provide. This is why with obamacare you will be hard pressed to be able to call up and see a doctor in reasonable time. Many new med students are going into specialty practice where they can actually earn enough to pay back their student loans.

 

[moshquerade]

Family doctors are like the minimum wage workers of the health industry. Many times if they see a medicare patients they lose money. they don't get reimbursed crap for what they provide. This is why with obamacare you will be hard pressed to be able to call up and see a doctor in reasonable time. Many new med students are going into specialty practice where they can actually earn enough to pay back their student loans.

Like I said.

Also, they are pushing for PA's to be able to prescribe meds, as they already can in some states, so that they can take the place of the shrinking GP pool.

 

[Blackjack200]

But, as mentioned in "The Millionaire Next Door", the plumber doesn't need to try and keep up a certain appearance - clothing, house, cars, country club, etc, etc. So, many people in a service industry may not make as much or be held in the same esteem. They are just as likely (sometimes moreso) to have a higher net worth.

Unless you are in sales, I think it's pretty hard to justify spending more on clothes or cars than you can afford. Also, I'd rather have a good cash flow than net worth. Life is for living, not squirrelling.

Being great at what you do will get your promoted within a company. It won't make you extremely successful. Getting to the point of extreme success usually requires going outside the confines of a steady career path, which always involves risk.

In a sense, yes. But when you look at successful business people, the risks they take a measured. A failure won't sink them, and the potential reward justifies the risk. They aren't just rolling the dice (and I'm not claiming that's what you were saying, I think it's just a perception that a lot of people have).

 

[Leros]

Like I said.

Also, they are pushing for PA's to be able to prescribe meds, as they already can in some states, so that they can take the place of the shrinking GP pool.

I'm all for PAs for clinic settings, but even seeing a PA is really expensive.

I went in to have a something looked at. The PA came in, looked at my problem for 30 seconds, talked to me for 3 minutes, and wrote me a prescription. Without insurance, that visit would have cost me $550.

 

[Blackjack200]

Family doctors are like the minimum wage workers of the health industry. Many times if they see a medicare patients they lose money. they don't get reimbursed crap for what they provide. This is why with obamacare you will be hard pressed to be able to call up and see a doctor in reasonable time. Many new med students are going into specialty practice where they can actually earn enough to pay back their student loans.

Yeah, because they didn't have a problem getting enough PC physicians before Obama was elected.🙄

Take it to P&N you fucking hack.

 

[Leros]

In a sense, yes. But when you look at successful business people, the risks they take a measured. A failure won't sink them, and the potential reward justifies the risk. They aren't just rolling the dice (and I'm not claiming that's what you were saying, I think it's just a perception that a lot of people have).

You're wrong. A failure won't sink them only if they have wealth built up. You're talking about the rich getting richer with new investments.

We're talking more about a person getting into success for the first time. A person getting started has nothing to fall back on. They have to put all they have into the venture and if they fail, then they're back to zero.

 

[dullard]

I always had this concept that MDs make big bucks. I was talking to a couple, particularly my daugther's pediatrician. He asked me what field I was it (IT), he said I was lucky. He told me this.

1. Medical Malpractice Insurance.
2. Rent for office
3. Supplies (office, medical)
4. Salary for two overworked secretaries
5. Salary for nurse.
6. Fees for liscenses etc...

He said his take home pay averages around $70K a year. WTF????

Family doctors and pediatricians are typically the lowest paid doctors. Most of them make ~$125k; give or take $50k. That is after all their costs and fees. They don't make as much as you'd think since for a long time every doctor wanted to be a family doctor or a pediatrician. Who doesn't want to help the innocent young children?

If you become a specialist, double or triple that number. $200k-$300k is common after all costs for a surgeon, ER doctor, etc. Some high end specialists (anesthetist for example) can easilly make $300k-$500k after all costs. Heck, a nurse anesthetist makes more money than most doctors. Your life is in their hands every time they see you, and thus people are willing to pay more. A family doctor/pediatrician hardly ever has someone's life in their hands.

 

[moshquerade]

I'm all for PAs for clinic settings, but even seeing a PA is really expensive.

I went in to have a something looked at. The PA came in, looked at my problem for 30 seconds, talked to me for 3 minutes, and wrote me a prescription. Without insurance, that visit would have cost me $550.

$550???? 😱

That was in a regular physician's office and not the ER or something?

 

[Leros]

$550???? 😱

That was in a regular physician's office and not the ER or something?

This just was a little walk in clinic.

 

[moshquerade]

This just was a little walk in clinic.

Like an Urgent Care Clinic... well, they would charge more than calling for an actual appt. at a Dr.'s office.

 

[PingSpike]

Where would you rather be?.........Knee deep in shit or inundated in tits and ass as a Plastic Surgeon?

Inundated with saggy tits and flabby asses that I have to cut open with a scalpel or suck the fat out of?

 

[Anubis]

Where would you rather be?.........Knee deep in shit or inundated in tits and ass as a Plastic Surgeon?

most plastic surgeons aren't giving porn stars bigger tits 24/7
they have to do a lot of what some might call nasty shit as well

 

[her209]

What if you take their take home pay and divide it by the number of hours worked?

 

[IGBT]

tort reform is sorely needed.

 

[PingSpike]

Yeah, if your goal is to just get rich I don't think getting a medical degree is your best plan. It seems like a long hard slog followed by a difficult day to day career. I couldn't do it.

Unless you become a dermatologist, because from what I can tell that job is pretty tits. Freeze a few warts off, tell everyone else to put elidel on whatever it is and call it a day. They probably get paid better then primary care guys because they're specialists.

 

[her209]

Yeah, if your goal is to just get rich I don't think getting a medical degree is your best plan.

Unless you become a dermatologist, because from what I can tell that job is pretty tits. Freeze a few warts off, tell everyone else to put elidel on whatever it is and call it a day. They probably get paid better then primary care guys because they're specialists.

"Put some aloe on it."

[Jerry is on the revenge date with Sara.]

Sara: Restaurant, flowers...this is so nice.

Jerry: Well, I'm a classy guy. How's the life saving business?

Sara: It's fine.

Jerry: It must take a really really big zit, to kill a man!

Sara: What is with you?

Jerry: You call yourself a lifesaver. I call you pimple popper MD!

[A man comes to the table.]

Parry: Dr. Sitarides?

Sara: Mr. Parry, how are you?

Parry: I just wanted to thank you again for saving my life.

Jerry: She saved your life?

Parry: I had skin cancer.

Jerry: Skin cancer! Damn.

 

[Blackjack200]

You're wrong. A failure won't sink them only if they have wealth built up. You're talking about the rich getting richer with new investments.

We're talking more about a person getting into success for the first time. A person getting started has nothing to fall back on. They have to put all they have into the venture and if they fail, then they're back to zero.

Let's be clear here, earlier you posted this:

Being great at what you do will get your promoted within a company. It won't make you extremely successful. Getting to the point of extreme success usually requires going outside the confines of a steady career path, which always involves risk.

What I'm talking about is making that leap from modest success (<$500,000 year) to extraordinary success - millions per year.

And what I specifically have in mind is a talented individual that rises in the ranks to a high position (though not executive), realises that he might not be able to get into the executive suite, and starts a business on the side that he takes managed risks with, and eventually grows.

If I looked at all the ways someone could become fantasically succesful (pro athlete, actor, RE sales guru, bestselling author, corporate executive, etc.), I think that this is probably the most realistic route for a smart, motivated individual.

 

[Leros]

Let's be clear here, earlier you posted this:



What I'm talking about is making that leap from modest success (<$500,000 year) to extraordinary success - millions per year.

And what I specifically have in mind is a talented individual that rises in the ranks to a high position (though not executive), realises that he might not be able to get into the executive suite, and starts a business on the side that he takes managed risks with, and eventually grows.

If I looked at all the ways someone could become fantasically succesful (pro athlete, actor, RE sales guru, bestselling author, corporate executive, etc.), I think that this is probably the most realistic route for a smart, motivated individual.

How many rich businessmen do you know who safely started businesses on the side?

How many rich businessmen do you know who dropped everything and devoted all their energy into one thing?

There isn't time to be a successful worker in a company and start your own business at the same time. If you're devoting enough time into your side business to make it successful, then you're probably not devoting enough time to your main job, in which case you're compromising your main steady source of income.

Of course, there are always exceptions.

 

[Gibson486]

Ok, but you're looking at the extremes. The highest paid union plumber might make a little more than a doctor on the low end of the pay scale, but the doctor has a lot of flexibility, and can probably expand his income in a number of different ways. The plumber? Not so much.

not really that extreme.....

Look at electricians....they make more then engineers in a lot of cases.

 

[dullard]

tort reform is sorely needed.

It is needed to appease doctors so we can get bigger reforms passed, but it is a negligible cost in the whole scheme of things.

 

[Blackjack200]

How many rich businessmen do you know who safely started businesses on the side?

How many rich businessmen do you know who dropped everything and devoted all their energy into one thing?

There isn't time to be a successful worker in a company and start your own business at the same time. If you're devoting enough time into your side business to make it successful, then you're probably not devoting enough time to your main job, in which you're compromising your main steady source of income.

I can't imagine that they just say 'gee, I think I'll be a consultant' and give their two-weeks. You can lay a lot of groundwork while you're still in your position, and they must have some indication that the venture will be succesful before they cut the cord. Yes, there is a risk, but it's a managed risk.

The most succesful people I know are corporate executives and well compensated sales reps (i.e. national account managers), so that doesn't really apply.

 

[Saga]

Where would you rather be?.........Knee deep in shit or inundated in tits and ass as a Plastic Surgeon?

In America I'd probably take the knee deep in shit, it would likely smell and look better.

 

[rudder]

Yeah, because they didn't have a problem getting enough PC physicians before Obama was elected.🙄

Take it to P&N you fucking hack.

I suppose reading comprehension is not your strong suit and I like it here thank you very much.

 

[Suspicious-Teach8788]

There's a difference between average income and income potential. Yea - business always has the highest earnings potential. However, the average MBA makes less than the average MD.

Your plumber example, as others have pointed out, is skewed. The highest paid plumber might make more than the lowest paid doctor, yea, but the vast majority of doctors make more.

You also commented on society respecting them because of their high incomes. I think the fact that they make money is part of it...but also the fact that they are very educated, as you said, and the fact that they make a living saving lives adds to the respect level quite a bit.

Well said. MBAs are overrated. True a lot of top execs have one, but a lot of useless people have one too. Everyone these days wants to get into management, and this is common in engineering. You see the folk who jump into "consulting" thinking it makes them bigger people (but really you're just outsourced labor in the end. you get to switch projects every 6 months and you never end up specializing). Or they go do an online MBA or an MBA at a local state school. Then what? You're technically no stronger. If you have the peoples skills, maybe you're more management suited, or maybe sales/marketing suited, but when it comes to layoffs, who goes first? Sales, marketing... the useless managers go. The PhDs and good engineers stay.

If you truly need an MBA, you company's gonna send you off to one anyway. No one wants to get their hands dirty with engineering or the real technical stuff. And this is why the MBA field is such a clusterfvck because only so many people are truly fit for one.