I believe almost 50% of active anesthesiologists are 55 or over. I don't think the shortage is going away anytime soon.
how does that even work. i thought graduating class is bigger than ever. how can over 50% be over 55? doesnt that just mean anesthesiologists aren't retiring? If anesthesiologists actually retiring in 50s or early 60s, no way 50% over 55. its probably because they are broken and too many are working to their 70s +
In the late 80s some specialties were making as much as professional athletes. Medicine had unequaled compensation but took a big hit in 1993 (I believe the absolute peak of competitiveness) when Clinton proposed national healthcare. Went down but rebounded when the sky turned out not to be falling (completely).
I bet that number decreased after the pandemic plus increased interest in the field. I’m turning 50 next year and am definitely one of the older cats in my group. I’d say 75% are younger than me. A lot of mid 30’s early 40’s. Only a hand full in their 60’s.According to the AAMC 54.5% of anesthesiologists are 55+ as of 2019
Active Physicians by Age and Specialty, 2019
Active Physicians by Age and Specialty, 2019www.aamc.org
Increased interest in the field doesn’t matter! All the spots get filled every year after you do the match and scramble (now called SOAP).
"My n=1 is better than thousands of data points!" And also, as of 2021 56.9% of anesthesiologists are over 55
His practice is in Nevada, a growing area that probably doesn’t have a ton of older docs because there were way less people living there when they started. I imagine you’d find a higher percentage of older anesthesiologists in New Jersey, Illinois, Maryland, etc.
You missed my point entirely.
There was a dearth of graduates for about 5 years in the mid-late 90s. Also anesthesia is a field where it is easy to go part time and hang around well into your 60s.
How did I miss your point entirely? Your point is that you used your single example and you made an incorrect prediction, what's the point to be made here exactly? Did you see that MORE physicians are now over the age of 55 in 2021 compared to 2019?
Ya you're still missing it. Lol.
definitely believe it. a huge number of interventional cardiologists, and IC fellows that ive met are indian, foreign trained.A little off-topic, but on that site it looks like less than half of active interventional cardiologists have US degrees. Can that really be the case? More than half of practicing interventional cardiologists are foreign medical grads.
It can be a hardworking specialty, but it’s also one of the most highly compensated.
Active Physicians With a U.S. Doctor of Medicine (U.S. MD) Degree by Specialty, 2021
View the number and percentage of active physicians with a U.S. MD degree for each of the specialty categories featured in the Physician Specialty Data Report.
rethinking65.com
www.financialsamurai.com
it acutally reminded me of a well known IC guy (Samin Sharma) in nyc ( i trained in nyc). the guy makes 5M a year. graduated from indian medical schoolA little off-topic, but on that site it looks like less than half of active interventional cardiologists have US degrees. Can that really be the case? More than half of practicing interventional cardiologists are foreign medical grads.
It can be a hardworking specialty, but it’s also one of the most highly compensated.
Active Physicians With a U.S. Doctor of Medicine (U.S. MD) Degree by Specialty, 2021
View the number and percentage of active physicians with a U.S. MD degree for each of the specialty categories featured in the Physician Specialty Data Report.
The fact remains in the USA wealth is defined as at least $5million if not $10 million; $30 million by age 85 is attainable especially for those physicians working into their mid 70s.
Unless the average life expectancy is like 150 or more, why in the world would anyone wanna accumulate $30 mil by age 85?
That’s grotesque. No cardiologist should be making 5 million dollars per year.
If bankers, lawyers and top hospital admins can make that much, then why not physicians?
Im no martyr. But in a country where people are going into debt for medical bills, where people don’t even have access to healthcare they need, where not nearly enough money is spent on kids having access to healthy food options, childcare for single mothers….. yes it’s grotesque that some guy is getting paid that much to put stents in peoples coronary arteries. Somethings wrong with that picture
Somewhere around 4,473,836 households have $4 million or more in wealth, while around 3,592,054 have at least $5 million. Respectively, that is 3.48% and 2.79% of all households in America.
I’ll tell you what I do.
Physicians barely make up 10% of healthcare costs. This is the type of attitude that leads to policy like the Tennessee fmg law
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A new graduate at age 32 starts investing for retirement. He/She is willing to work hard, extra shifts, locums, etc. Total $$ per year invested in the market/equities/bonds etc is $150,000 per year. Assuming a 7% return per year how much will this new grad have at age 65?
$16 million! Many on this board can put away $150K per year and achieve/surpass the top 2% retirement number. Yes, it takes hard work, extra shifts and dedication but it can be done. The power of compounding interest is real and 7% returns can be beaten as well.
1) not familiar with that law. What do you mean?
They aren’t physicians. Do you allow your real restate lawyer to render you unconscious, cut organs out of your body, arrest your heart etc. there is a reason we are held to a higher standard.