Posted on 06/15/2012 6:38:56 AM PDT by SeekAndFind
As long as we have lots of lawyers and community organizers we’ll be fine...
“.... just squeaking by”.....
I agree. I live in a community where the doctors are terrific. I know where a couple of them live and they are NOT living in any mansions, I’ll tell you. Just normal houses, normal families. How about you ask a question like “how much liability insurance must they carry and how much is that premium per year?”
Here in Wisconsin, one of the many disgusting things the previous Democrat Gov. Diamond Jim Doyle did was take and empty the physician’s state malpractice fund (which the WI doctors paid into by law) to fund some of his out of control spending. Do you folks see what happened here in WI with our terrific Gov. Scott Walker? Pick up your pitchforks, folks - yes we can save this country but you won’t do that by sitting on your duffs. Gov. Walker is restoring that fund by the way.
My son is an E.R. Doc married to an E.R. Doc. He was in the top of his class since grade school. Doctors for the most part are very bright people. He was 30 by the time he was allowed to practice. Now if you specialize you can be from 32 to 34. He is 170K in debt and I paid for his undergrad. An E.R. Doc in our area makes somewhere in the 150’s. Not getting rich. A guy who can throw a fast ball can make 10 mil a year.
RE: They make on average 200,000, surgeons close to 400,000. They ain’t going anywhere..
And how much do they have to pay for MAL-PRACTICE INSURANCE?
I have a NYC gastro-enterologist who tells me he pays something like $120,000 for mal-practice insurance alone.
RE: The doctor anesthetist are at approx $300-400k take home pay.
Nice pay. But you have to factor in MAL-PRACTICE INSURANCE.
So, the next question is, where are they practicing?
http://www.ehow.com/about_5514154_average-cost-medical-malpractice-insurance.html
Low Cost States
Minnesota has some of the lowest malpractice costs for doctors. However, the cost of insurance in Minnesota varies widely by specialty. Internal medicine, general surgery and obstetrics are three of the areas monitored by groups such as the Government Accountability Office. As of 2009, the average cost for malpractice insurance for general surgeons hovered around $10,000 per year; for internal medicine, $4,000 per year; and for OB/GYNs, up to $17,000 per year.
Malpractice liability insurance rates in California, on the other hand, depend largely upon demographics, so average rates may vary from place to place. Some of the largest insurers also deviate from one another widely in terms of how much insurance costs. At the low end, doctors in internal medicine may only pay $6,000 per year from premium coverage. However, in 2009, OB/GYNs could end up paying more than $55,000 per year for insurance coverage. Insurance for general surgeons can cost between $22,000 per year and $34,000 per year.
Average Cost States
Pennsylvania malpractice insurance falls in the middle with respect to average cost. Rates differ between the major insurers due to demographic and claims differences. In 2009, base rates for general surgery could be as low as $28,000 annually or as high as $50,000. Internal medicine malpractice insurance costs varied between around $6,000 to $11,000. Obstetricians/gynecologists could find themselves paying up to $64,000 or more for coverage.
High Cost States
While Nevada malpractice insurance rates are between middle to high in comparison with all other states, doctors of many types in Nevada—including general internists, pediatricians and general practice doctors—earn a higher average salary than doctors in any other state. In 2009, one of the highest rates of insurance in Nevada is for OB/GYNs, who may pay between $85,000 for malpractice liability insurance per year up to $142,000 per year for a premium plan by a prominent insurance company. Although the average annual salary for such doctors was around $180,000 in 2009, malpractice insurance can still be a huge financial burden.
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.
I don’t knock doctors Seek. While its costly to be one, they aren’t hurting.. try having a 31,000/yr job w/4 degrees. Screw Obama.. im sick of this silliness..
That is their take home pay...they are W-2 employees of the hospital..they have no bills or staff. Ohio
Nice little bit of class envy there. If it is so lucrative, become a dr and then tell us more about how good it is.
Talk about complaining. If I were a Dr and heard what you have been posting, I’m not sure I would even treat you.
Envy is not becoming one who is a ‘member’ of a conservative forum.
These are among the smartest, hardest working, service oriented people in our society.
Most have always excelled at everything they've done. They chose the hard courses in HS. They were at the top of their class in college. They survived the MED School acceptance and residency process. They are all accomplished in the sciences some being engineers and pharmacists before entering medicine. The hours they work and the pressure they endure will tear a normal person to shreds. These are not average people and they will have no problem re-inventing themselves.
And I've yet to meet a whining doctor.
I would become a Dr.. im not smart enough. I just hire them..plus, im 41.. done deal..
Doctors never complained when the gov't got involved via Medicare in 1965/66 and drove medical prices through the roof and made them and the medical professions as a whole very wealthy over the years.
Most Americans jobs have been downsized, offshored/outsourced, more hours, benefits and pensions cut or eliminated all together over the years...I have some friends in the coal business who worked for one of the plants on the Ohio River that is being shut down due to Obama's rules. No one is sticking up for them.. I don't like obamacare..my gf is in the medical profession-I know what is going to happen..for the worse. Why are doctors special and think they should be exempt from pay cuts and and bad times ahead? Join the line docs...
I work for one of the top 3 accounting firms. My pay has been cut, more work has been thrown on us with less benefits. Many weeks work 60-70 hours-get home at 8-9:00 at night. Our staff has gone from 78 to 45 in the last 3-4 years and yet the division is making record profits with more work.
What do we do? We suck it up and go on and hope for the best.
The only thing I take back is saying Doctors are the biggest bitchers and complainers..school teachers are #1 for that.
My post suggests that doctors are well equipped to re-invent themselves and that many will do very well away from medicine and indeed they will quit.
You come back with a post that says nothing about the fact that doctors will quit. Instead you complain that your salary has been cut three times, etc.
Quit and find something else. That's what the doctors are willing to do.
Geeze
Some....but most won't. They will re-invent themselves within their own profession if anything. I think private practice will diminish and will see more corporate medicine anyway.
I work out with an new ER doc who is an employee of the hospital. He loves it. No employees or bills to worry about. He is willing to accept a lower pay to not have to worry about those issues.
I guess what I was trying to say is when other professions lose income you don't see the people jumping up and down threatening to quit..they just quit and go do something else.
Finally, As more docs become employees of hospitals and medical groups you don't think those hospitals won't keep their pay artificially high to attract the best talent? I know docs pay have been cut but I don't think it will be lowered a significant amount in the future. There will be a stabilizing point.
They weren't jumping up and down threatening to quit. They responded to a survey. Somebody asked them a question.
Many, not all, will be better off away from medicine and that includes corporate medicine.
this is one reason I get so pissed at the teachers union ....
they wouldn't know a difficult college course if they stepped on it....they wouldn't know stress or being emotional strained, or hopelessness, or physical exhaustion let alone mental exhaustion and they never will....
this is one reason I get so pissed at the teachers union ....
they wouldn't know a difficult college course if they stepped on it....they wouldn't know stress or being emotional strained, or hopelessness, or physical exhaustion let alone mental exhaustion and they never will....
I have met a few teachers who appear to be so dumb that I am sure they thought the classes they took were difficult and they struggled to pass them just as some people struggle with the more rigorous courses required for engineering.
now, get yourself an education degree, and get a job where you never get sued nor fired, you work 1/2 the year, never a weekend and never a holiday, and the most stress you ever encounter is what grand vacation you'll take on your 12 week vacation in the summer...and you'll end up making $100,000/yr and a guarenteed pension...
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