Why is Anesthesiology median salary so high?

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Golgatha

Lifer
Jul 18, 2003
12,392
1,058
126
Originally posted by: RichardE
Originally posted by: DeathBUA
Originally posted by: FelixDeKat
This is nothing more than specialized nursing, 50k max.

300k :roll:

Unless you've worked in a hospital and/or an OR how about you contribute more than just slamming their job


Is malpractice insurance really that high though?


I remember seeing a dateline story about a doctor who flew from New York to Jersey (or out of state at least) because his malpractice insurance in New York was like $80k a year.
 

deejayshakur

Platinum Member
Aug 7, 2000
2,584
0
0
another medical student. most of the relevant points have already been made by my colleagues.

i will only say that if you added up the number of hours of studying, class time, outside research, time spent on rotations and in residency, pretty much all doctors would be making a lot less than the "300k" salary makes it seem. makes me wonder what the per hour rate comes out to be...

just do a search on the administrative costs of U.S. private health insurance companies vs. U.S. government subsidized plans like medicare and medicaid vs. socialized healthcare plans in other countries--it should be very revealing. there's also the issue of prolonging life with medical technology. something like the sickest 20% of the population use up 70% of healthcare spending on expensive, complicated surgeries, etc. maybe if people exercised more, drove in their SUVs less, and ate less meat and more vegetables, less money would be spent on quadruple-bypass surgeries and cholesterol-lowering drugs? what about the 45 (46?) million Americans who don't have any form of health insurance? their emergency medical care is free to them but adds to the bottom line for those who are being insured (not going to even get into the issue of ER closures). pieced together, the arguments in this thread about who/what is the cause of expensive medical care in this country are only skimming the top of the barrel. it is indeed a very complicated issue that hopefully will be rectified in the coming decades.
 

Turkish

Lifer
May 26, 2003
15,547
1
81
Originally posted by: FelixDeKat
This is nothing more than specialized nursing, 50k max.

300k :roll:

You are nothing more than a specialized troll, minimum wage max.

 

EatSpam

Diamond Member
May 1, 2005
6,423
0
0
Originally posted by: FelixDeKat
This is nothing more than specialized nursing, 50k max.

300k :roll:

Probably should hire someone cheap to do it. Its the Wal-merican way!
 

EatSpam

Diamond Member
May 1, 2005
6,423
0
0
Originally posted by: getbush
I think we should start a new thread called "come inside list your profession and felixdakat will grossly underestimate your worth" The subsequent flames could roughly meet Rhode Island's energy needs for the next month.

So how about pharmacists standing in Walgreen's making 100k+/yr. Felix? How much do you want to pay them? 30, 35k?

Walgreens pharmacist? I'm predicting Felix will want an illegal immigrant making <$3/hr who's other duties include cleaning toliets.
 

EatSpam

Diamond Member
May 1, 2005
6,423
0
0
Originally posted by: alchemize
Originally posted by: FelixDeKat
Originally posted by: alchemize
I wonder who'd be willing to put themselves under the gas of a 50K a year anesthesiologist? I got folks that work for me that make more than that and they can barely program.

50k was the first stab. Its 75k+ now. Programmers are paid too much too. ;)

I got a programmer making 77K that hunts and pecks. He's OK at COBOL. Horrible at new skills. Hates the world.

You can't pay enough for skilled medical professionals.

I "sort of" know COBOL, can you get me a job at 77k/year? :)
 

FelixDeCat

Lifer
Aug 4, 2000
30,797
2,620
126
Originally posted by: deejayshakur
another medical student. most of the relevant points have already been made by my colleagues.

i will only say that if you added up the number of hours of studying, class time, outside research, time spent on rotations and in residency, pretty much all doctors would be making a lot less than the "300k" salary makes it seem. makes me wonder what the per hour rate comes out to be...

just do a search on the administrative costs of U.S. private health insurance companies vs. U.S. government subsidized plans like medicare and medicaid vs. socialized healthcare plans in other countries--it should be very revealing. there's also the issue of prolonging life with medical technology. something like the sickest 20% of the population use up 70% of healthcare spending on expensive, complicated surgeries, etc. maybe if people exercised more, drove in their SUVs less, and ate less meat and more vegetables, less money would be spent on quadruple-bypass surgeries and cholesterol-lowering drugs? what about the 45 (46?) million Americans who don't have any form of health insurance? their emergency medical care is free to them but adds to the bottom line for those who are being insured (not going to even get into the issue of ER closures). pieced together, the arguments in this thread about who/what is the cause of expensive medical care in this country are only skimming the top of the barrel. it is indeed a very complicated issue that hopefully will be rectified in the coming decades.


Youre right, as previously pointed out, administrative costs are high. And the hospitals use those excessive salaries as an excuse for having to charge $1 per 5 cent cottonball. Of course if youre having to charge $1 per 10 cent cottonball, you cant afford to treat the indigent. And those insurance fatcats earning BILLIONS as also mentioned just being the middlemen are also not helping. Sure some of those uninsured Americans will receive free emergency car (most likely at least subsidized by county hospitals or reimbursed by medicare / medicaid which is also widely abused by the same clinics), but dont think they dont agressively go after those who might have an asset or two like a 30k dollar home. I remember seeing a story of some controversial hospitals suing every indigent patient to at least try to collect from them by default judgements.

Undoubtedly you will be well paid for what you do and hopefully you never drive an SUV, eat meat, etc.
 

Xyclone

Lifer
Aug 24, 2004
10,312
0
76
Originally posted by: 2Xtreme21
Medical Malpractice.

Edit: To clarify, they're solely responsible for a patient's life when they're out. Anything goes wrong and they have to confront it.

 

BD2003

Lifer
Oct 9, 1999
16,815
1
81
Originally posted by: dafatha00
Originally posted by: DeathBUA
Originally posted by: dafatha00
Originally posted by: BUrassler
Originally posted by: dafatha00
Originally posted by: FelixDeKat
Originally posted by: dafatha00
Originally posted by: FelixDeKat
Originally posted by: BigJ
Originally posted by: FelixDeKat
This is nothing more than specialized nursing, 50k max.

300k :roll:

Specialized nursing huh?

:roll:

Yeah. Its why healthcare is unaffordable. You can blame the insurance companies, the lawyers, whatever. I blame ridiculous salaries.



Physicians spend 4 years in medical school and 4-5 years in residency depending on their specialization. The process is extremely intense. If they weren't paid high salaries, who would ever think about going to med school?

You have a point. How about 75k, plus student loan reimbursement and pooled insurance risk for all health care employees.

Ever heard of the concept of a free market economy? If we implemented your suggestion into society, I guarantee you we would have a huge shortage of physicians.

Well a very large part of a physician's salary goes towards paying off all of those student loans and also insurance coverage. If they were reimbursed for their student loans and malpractice lawsuits were capped, they would take a significant paycut and still be coming out with a similar net income.

Using the figures provided above, the average Anesthesiologist is paid about 250k a year. Please provide statistics showing that Anesthesiologists pay 175k a year for student loans and insurance coverage.

Well from just talking to the physicians at work, most of them come out of medical school/internship/residency with anywhere from 100-200K+ in debt. Factor in cost of living, car, food, etc etc. It does add up. As someone who works in a hospital I think they are paid what they deserve, probably a biased opinion on wages but I see what they do every day.

You're misconstruing my point. I'm advocating that physicians are indeed paid what they deserve. However, I don't believe that their net income after paying off their student loans and covering their insurance costs is a mere 75k. On a side note, cost of living is a moot point because all people have to pay that.

They deserve the salaries they get. 100-200k for a doc sounds about right to me.

Becoming a doctor isnt a matter of taking a few classes. It requires near perfection and dedication in school for 10 years - the amount of people who can actually make it through all of that is very small. They basically have to give their life up for those 10 years.

On top of that accrue massive amounts of student loan debt that could buy a house in many places, work ridiculous hours, and often take the responsibility for a patient's life in their hands, not to mention their own entire financial well-being should they be human and make a mistake. That is WAY more responsibility that I'm willing to deal with on the job.

Doctor's salaries aren't the problem - I have a ton of respect for any person who can actually get an MD, let alone deal with all that comes with being a doc.
 

dafatha00

Diamond Member
Oct 19, 2000
3,871
0
76
Originally posted by: BD2003
Originally posted by: dafatha00
Originally posted by: DeathBUA
Originally posted by: dafatha00
Originally posted by: BUrassler
Originally posted by: dafatha00
Originally posted by: FelixDeKat
Originally posted by: dafatha00
Originally posted by: FelixDeKat
Originally posted by: BigJ
Originally posted by: FelixDeKat
This is nothing more than specialized nursing, 50k max.

300k :roll:

Specialized nursing huh?

:roll:

Yeah. Its why healthcare is unaffordable. You can blame the insurance companies, the lawyers, whatever. I blame ridiculous salaries.



Physicians spend 4 years in medical school and 4-5 years in residency depending on their specialization. The process is extremely intense. If they weren't paid high salaries, who would ever think about going to med school?

You have a point. How about 75k, plus student loan reimbursement and pooled insurance risk for all health care employees.

Ever heard of the concept of a free market economy? If we implemented your suggestion into society, I guarantee you we would have a huge shortage of physicians.

Well a very large part of a physician's salary goes towards paying off all of those student loans and also insurance coverage. If they were reimbursed for their student loans and malpractice lawsuits were capped, they would take a significant paycut and still be coming out with a similar net income.

Using the figures provided above, the average Anesthesiologist is paid about 250k a year. Please provide statistics showing that Anesthesiologists pay 175k a year for student loans and insurance coverage.

Well from just talking to the physicians at work, most of them come out of medical school/internship/residency with anywhere from 100-200K+ in debt. Factor in cost of living, car, food, etc etc. It does add up. As someone who works in a hospital I think they are paid what they deserve, probably a biased opinion on wages but I see what they do every day.

You're misconstruing my point. I'm advocating that physicians are indeed paid what they deserve. However, I don't believe that their net income after paying off their student loans and covering their insurance costs is a mere 75k. On a side note, cost of living is a moot point because all people have to pay that.

They deserve the salaries they get. 100-200k for a doc sounds about right to me.

Becoming a doctor isnt a matter of taking a few classes. It requires near perfection and dedication in school for 10 years - the amount of people who can actually make it through all of that is very small. They basically have to give their life up for those 10 years.

On top of that accrue massive amounts of student loan debt that could buy a house in many places, work ridiculous hours, and often take the responsibility for a patient's life in their hands, not to mention their own entire financial well-being should they be human and make a mistake. That is WAY more responsibility that I'm willing to deal with on the job.

Doctor's salaries aren't the problem - I have a ton of respect for any person who can actually get an MD, let alone deal with all that comes with being a doc.

Uh what?

I think you need to go back and read all my posts in this thread. I've been defending physician salaries the entire time in this thread.
 

BD2003

Lifer
Oct 9, 1999
16,815
1
81
Originally posted by: dafatha00
Originally posted by: BD2003
Originally posted by: dafatha00
Originally posted by: DeathBUA
Originally posted by: dafatha00
Originally posted by: BUrassler
Originally posted by: dafatha00
Originally posted by: FelixDeKat
Originally posted by: dafatha00
Originally posted by: FelixDeKat
Originally posted by: BigJ
Originally posted by: FelixDeKat
This is nothing more than specialized nursing, 50k max.

300k :roll:

Specialized nursing huh?

:roll:

Yeah. Its why healthcare is unaffordable. You can blame the insurance companies, the lawyers, whatever. I blame ridiculous salaries.



Physicians spend 4 years in medical school and 4-5 years in residency depending on their specialization. The process is extremely intense. If they weren't paid high salaries, who would ever think about going to med school?

You have a point. How about 75k, plus student loan reimbursement and pooled insurance risk for all health care employees.

Ever heard of the concept of a free market economy? If we implemented your suggestion into society, I guarantee you we would have a huge shortage of physicians.

Well a very large part of a physician's salary goes towards paying off all of those student loans and also insurance coverage. If they were reimbursed for their student loans and malpractice lawsuits were capped, they would take a significant paycut and still be coming out with a similar net income.

Using the figures provided above, the average Anesthesiologist is paid about 250k a year. Please provide statistics showing that Anesthesiologists pay 175k a year for student loans and insurance coverage.

Well from just talking to the physicians at work, most of them come out of medical school/internship/residency with anywhere from 100-200K+ in debt. Factor in cost of living, car, food, etc etc. It does add up. As someone who works in a hospital I think they are paid what they deserve, probably a biased opinion on wages but I see what they do every day.

You're misconstruing my point. I'm advocating that physicians are indeed paid what they deserve. However, I don't believe that their net income after paying off their student loans and covering their insurance costs is a mere 75k. On a side note, cost of living is a moot point because all people have to pay that.

They deserve the salaries they get. 100-200k for a doc sounds about right to me.

Becoming a doctor isnt a matter of taking a few classes. It requires near perfection and dedication in school for 10 years - the amount of people who can actually make it through all of that is very small. They basically have to give their life up for those 10 years.

On top of that accrue massive amounts of student loan debt that could buy a house in many places, work ridiculous hours, and often take the responsibility for a patient's life in their hands, not to mention their own entire financial well-being should they be human and make a mistake. That is WAY more responsibility that I'm willing to deal with on the job.

Doctor's salaries aren't the problem - I have a ton of respect for any person who can actually get an MD, let alone deal with all that comes with being a doc.

Uh what?

I think you need to go back and read all my posts in this thread. I've been defending physician salaries the entire time in this thread.

I wasn't disagreeing with you, was I? :p