Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Here's How Much Money Doctors in America Actually Make
Business Insider ^ | 04/21/2014 | LAUREN F FRIEDMAN

Posted on 04/21/2014 1:25:04 PM PDT by SeekAndFind

Medscape, a subsidiary of the medical information website WebMD, has released its 2014 Physician Compensation Report. The data in the report come from more than 24,000 doctors in 25 specialties, who responded to Medscape's annual survey with information on their compensation for 2013.

The infographic below shows the average earnings for each surveyed specialty. Orthopedists were the highest earners:

In an explanation of their findings, Medscape notes that: "As in the past, those who perform procedures have the highest incomes compared with those who manage chronic illnesses." Some primary care practices saw a slight increase in earnings, "which could reflect early changes in reimbursement resulting from the Affordable Care Act."

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Health/Medicine; Society
KEYWORDS: doctors; doctorsgraphs; doctorssalary; jobs; medicalspecialties; obamacaredoctors; salary
Navigation: use the links below to view more comments.
first 1-5051-52 next last

1 posted on 04/21/2014 1:25:04 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

2 posted on 04/21/2014 1:26:01 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Interesting. Higher than I thought.


3 posted on 04/21/2014 1:26:14 PM PDT by Alex Murphy ("the defacto Leader of the FR Calvinist Protestant Brigades")
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

4 posted on 04/21/2014 1:26:28 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

bm


5 posted on 04/21/2014 1:26:42 PM PDT by al baby (Hi MomÂ… I was refereeing to Obama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

6 posted on 04/21/2014 1:27:26 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

All of them should make no more than $100,000 per year. It’s only fair. Reallty, no one should make more than 10 times the minimum wage. That’s just social justice. (/Bolshevism)


7 posted on 04/21/2014 1:27:52 PM PDT by 17th Miss Regt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Alex Murphy

8 posted on 04/21/2014 1:30:08 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Alex Murphy

They need high incomes to pay off their debts.


9 posted on 04/21/2014 1:30:47 PM PDT by logic101.net (How many more children must die on the altar of gun control?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind; Vendome

I made quite a bit more in sales with merely a high school diploma (at the time) in the 1980’s (when it bought a lot more). I can’t even imagine how much I could make now with if my health was good and with a BA. I’m glad some people want to get into medicine, but if it’s money you’re after there are easier routes.


10 posted on 04/21/2014 1:31:14 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

RE: I made quite a bit more in sales with merely a high school diploma (at the time) in the 1980’s (when it bought a lot more).

Just curious, what product were you selling?


11 posted on 04/21/2014 1:32:34 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: SeekAndFind
I am going to have to call bullshit here. I may be wrong, but I have doctors and dentist in the family and $250K is low. Now I don't know what math they are using and what items they deduct from their total income, but $250K is not their total compensation. Might be total “profit”. Pull out malpractice insurance, membership to various organizations,..... Just my observations.
12 posted on 04/21/2014 1:34:22 PM PDT by MPJackal ("From my cold dead hands.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

It would be interesting to see a comparison to income increases over time (say 2013 vs 2003)


13 posted on 04/21/2014 1:34:49 PM PDT by Michael.SF. (I never thought anyone could make Jimmy Carter look good in comparison.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Payphones (remember those?) and legal services. The payphones averaged $900 a day (two placements) but I had a lot of $20-40,000 days. Now think back and remember what things cost back then.


14 posted on 04/21/2014 1:35:26 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: MPJackal

Lots of people want ER, VAMC and other similar gigs because there is no malpractice insurance required, IIRC.


15 posted on 04/21/2014 1:36:35 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

What is interesting is if you compare these incomes to what similar physicians make in Switzerland and Germany, two comparable countries.


16 posted on 04/21/2014 1:36:49 PM PDT by proxy_user
[ Post Reply | Private Reply | To 1 | View Replies]

To: Alex Murphy
Interesting. Higher than I thought.

Maybe I missed it but I didn't see if the figures were gross or net. Is it before malpractice insurance, rent, equipment and payroll? If so it gives a false impression, also how much did getting their medical school cost?

17 posted on 04/21/2014 1:38:47 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind
I'm quite familiar with the world of medicine,having worked for 20+ years for one of the world's most famous hospitals.Osama Obama & Pals just don't know how difficult it is to reach the point where a physician is skilled enough to needlessly amputate a person's leg just to make a quick $10K.Four years of undergrad,four years medical school,anywhere between two and ten years post graduate training and *then* you can look forward to 70 hour work weeks.As just one example of that long work week...my cardiologist,a senior staff member of the same hospital for whom I worked,just sent me an email a week or so ago telling me to adjust my meds.He sent it at 10:30PM.

Osama Obama & Pals are playing the class envy game...again.And there are enough parasite Americans who believe it to make these very,*very* dangerous times.

18 posted on 04/21/2014 1:38:55 PM PDT by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Nothing in the survey showed what their insurance cost were.

Florida has some of the highest rates of liability insurance. Moreover, the deviation between low and high averages varies in Florida more widely than in almost any other state. For instance, a doctor in internal medicine in Florida could expect to pay in excess of $56,000 per year for insurance as of 2009, in contrast with Minnesota’s $4,000. General surgeons paid in between $90,000 per year and $175,000 per year or more. OB/GYNs once again could expect the highest rates, with liability coverage ranging from $100,000 to $200,000 per year.


19 posted on 04/21/2014 1:44:35 PM PDT by Gadsden1st
[ Post Reply | Private Reply | To 8 | View Replies]

To: 2ndDivisionVet
Lots of people want ER, VAMC and other similar gigs because there is no malpractice insurance required, IIRC.

Occasional gigs in an ER aren't as easy to come by as they once were...for the "typical" physician,at least.Years ago a physician could say "I'm board certified in Internal Medicine,Pediatrics or General Surgery and the job was theirs.But today more and more ERs insist on board certification in "Emergency Medicine",a specialty that's only started to grow in the last 10-15 years.

20 posted on 04/21/2014 1:45:40 PM PDT by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
[ Post Reply | Private Reply | To 15 | View Replies]

To: SeekAndFind

Nothing in the survey showed what their insurance cost were.

Florida has some of the highest rates of liability insurance. Moreover, the deviation between low and high averages varies in Florida more widely than in almost any other state. For instance, a doctor in internal medicine in Florida could expect to pay in excess of $56,000 per year for insurance as of 2009, in contrast with Minnesota’s $4,000. General surgeons paid in between $90,000 per year and $175,000 per year or more. OB/GYNs once again could expect the highest rates, with liability coverage ranging from $100,000 to $200,000 per year.


21 posted on 04/21/2014 1:48:51 PM PDT by Gadsden1st
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

Do these figures assume all professional expenses have been paid like liability etc ?


22 posted on 04/21/2014 1:50:17 PM PDT by wonkowasright (Wonko from outside the asylum)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Don't forget that many physicians pay as high as 50% of their income in malpractice insurance, which they must continue to pay after retirement until the statute of limitations runs out for lawsuits.

I suspect both orthopedic surgeons and cardiologists get such high pay because they pay ungodly malpractice premiums.

In my experience, I've also never run into doctors who work as hard or are as highly skilled as doctors in both groups.

23 posted on 04/21/2014 1:51:29 PM PDT by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

To teeming numbers of LIV’s, that is WAY too much.


24 posted on 04/21/2014 1:56:25 PM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: pierrem15

If you are correct than wouldn’t tort reform reduce our health care costs by nearly 50%?


25 posted on 04/21/2014 1:57:40 PM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 23 | View Replies]

To: SeekAndFind

Looks like a partnership in a single-specialty orthopedics practice is the place to be.

Probably pretty good hours with weekends off, too.


26 posted on 04/21/2014 2:02:04 PM PDT by 9YearLurker
[ Post Reply | Private Reply | To 2 | View Replies]

To: MPJackal

I’m sure they are including only profit. Makes no sense to track their income according to total revenue instead.


27 posted on 04/21/2014 2:02:48 PM PDT by 9YearLurker
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

I”m really surprised by how even that is across the country. I know that doctors tend to be drawn to high-cost urban areas, which is a potential drag on their income if there’s too much competition, but still.


28 posted on 04/21/2014 2:03:58 PM PDT by 9YearLurker
[ Post Reply | Private Reply | To 4 | View Replies]

To: Buckeye McFrog
As far as I can tell, most tort reform doesn't help much: they only limit the time you have to file a malpractice claim. Most "reforms" still seem to allow multi-million dollar punitive damages, and that's where the cost and fear on the doctor's part comes in.

The trial lawyers are too powerful in most states to allow real reform which would require a finding of malpractice by a medical review board before a suit can be filed (like in Germany).

29 posted on 04/21/2014 2:08:36 PM PDT by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
[ Post Reply | Private Reply | To 25 | View Replies]

To: SeekAndFind

.


30 posted on 04/21/2014 2:10:05 PM PDT by gasport (Will operate for food.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Michael.SF.
It would be interesting to see a comparison to income increases over time (say 2013 vs 2003)

Physician Income is declining

31 posted on 04/21/2014 2:17:04 PM PDT by SC DOC
[ Post Reply | Private Reply | To 13 | View Replies]

To: logic101.net
They need high incomes to pay off their debts.

Real life example of debt load.

32 posted on 04/21/2014 2:23:31 PM PDT by SC DOC
[ Post Reply | Private Reply | To 9 | View Replies]

To: SeekAndFind

That’s earnings. What’s take-home? You got your malpractice insurance, student loans, hospital fees, greens fees, taxes, taxes, taxes, and (did I mention) taxes.


33 posted on 04/21/2014 2:25:26 PM PDT by IYAS9YAS (Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SC DOC
The Deceptive Income of Physicians
34 posted on 04/21/2014 2:26:18 PM PDT by SC DOC
[ Post Reply | Private Reply | To 32 | View Replies]

To: SC DOC
Doctors Going For Broke.
35 posted on 04/21/2014 2:33:17 PM PDT by SC DOC
[ Post Reply | Private Reply | To 34 | View Replies]

To: MPJackal

Those numbers look higher than average to me. I know a lot of FP docs working 60 hours a week making about $150k or less. That is not including their malpractice and health insurance but does represent their true income before taxes.


36 posted on 04/21/2014 2:39:19 PM PDT by dangerdoc
[ Post Reply | Private Reply | To 12 | View Replies]

To: SC DOC
$34/hr? Again, bullshit. If that is the case I make as much as a doctor. Yet I don't live in a gated community, drive a Mercedes, have a membership at the country club,..... Don't get me wrong, I think most doctors work very hard and way too many hours, especially in the start of their career. But saying doctors make slightly more than a teacher is ridiculous. Just saying. Now once Obummercare fails as designed, and single payer takes full effect, they may pine for the days they made $34.00/hr.
37 posted on 04/21/2014 2:44:03 PM PDT by MPJackal ("From my cold dead hands.")
[ Post Reply | Private Reply | To 34 | View Replies]

To: SeekAndFind

So doctors make more money in states where people actually pay their bills. Who knew?


38 posted on 04/21/2014 2:46:10 PM PDT by Yaelle
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind

Med school and residency plus fellowship and ongoing training then cost of running a business/practice, staffing, their benefits, insurance/malpractice, their own family expenses...And so on! It is a LOT of debt. And if it means that they are very good at what they do for me/my family, then so be it. I don’t begrudge them their money/wealth—they work hard for it. Jealousy/envy dies not serve anyone well.


39 posted on 04/21/2014 2:49:03 PM PDT by sassy steel magnolia
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

For someone who performs such a vital service, I wouldn’t care if they made 4 times as much.

Getting to Dr. is a tortuous path and most more than earn every nickel.

Anyone want to trade with Cuba, Neo-USSR or UK? No me. Among the worst thing the damn libs ever did was work at destroying the best Medicine in the world.


40 posted on 04/21/2014 2:51:07 PM PDT by X-spurt (CRUZ missile - armed and ready.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gadsden1st

My OB/GYN in New Jersey quit practicing about 10 years ago. What she was paying in liability and malpractice insurance combined with the normal costs of doing business were enough that it simply wasn’t worth it. She is selling real estate and partnered with a colleague to do some side work assisting low income families with their medical needs - without taking insurance. Another doctor in the practice relocated out west to a state where the insurance costs were more reasonable.


41 posted on 04/21/2014 2:53:37 PM PDT by nurees (Oh...there is a NEW Mexico (Homer Simpson))
[ Post Reply | Private Reply | To 19 | View Replies]

To: SeekAndFind

factor in the expense of malpractice insurance and taxes, and their net isn’t as good as you think


42 posted on 04/21/2014 3:14:29 PM PDT by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I made my kids keep clear of medicine, given what was coming.

I sure hope these doctors enjoy their paychecks - in California, they are just one legislative bill from being MANDATED to take Obamacare patients, given that very few will now take them, given the pittance they receive.


43 posted on 04/21/2014 3:32:59 PM PDT by BobL
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Orthopedists were the highest earners

Coincidentally, Orthopedists are also the biggest Alpha Hotels you'll ever meet outside of a DNC convention.

I've dealt with doctors of many stripes for almost two decades. Radiologists and GP's are the most likeable, IMHO.

44 posted on 04/21/2014 4:04:15 PM PDT by EricT. (Everything not forbidden is compulsory.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mastador1
Maybe I missed it but I didn't see if the figures were gross or net. Is it before malpractice insurance, rent, equipment and payroll? If so it gives a false impression, also how much did getting their medical school cost?

I would also ask how many hours they are working a year. Very few doctors with a 40-hour work week.

45 posted on 04/21/2014 7:42:41 PM PDT by Slings and Arrows (Richard Warman censors free speech.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Alex Murphy

Yeah but they’re still paying their student loans.


46 posted on 04/21/2014 7:48:21 PM PDT by rabidralph
[ Post Reply | Private Reply | To 3 | View Replies]

To: Slings and Arrows

It’s usually the case, misleading figures are thrown out, very few people realize how little money a doctor receives versus what is billed. The majority of ones that really rake it in are either mostly cash or billing fraud like the friends of democrats.


47 posted on 04/21/2014 7:51:39 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
[ Post Reply | Private Reply | To 45 | View Replies]

To: Mastador1

Computer types have the term “GIGO” - Garbage In, Garbage Out. ‘Nuff said.


48 posted on 04/21/2014 7:59:31 PM PDT by Slings and Arrows (Richard Warman censors free speech.)
[ Post Reply | Private Reply | To 47 | View Replies]

To: MPJackal

Exactly. My ortho surgeon told me he pays $145K/annum for malpractice insurance. [Connecticut]


49 posted on 04/21/2014 8:46:16 PM PDT by Daffynition (I stand with the Bundy Family!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

Now once we find out how much they pay for malpractice insurance, student loan repayments, continuing education fees, licensing and accounting fees, equipment costs and so forth, and whether all these were paid from the figures quoted or covered in addition to them, we’ll know what the docs really earn.....


50 posted on 04/21/2014 9:48:06 PM PDT by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-52 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson