The reasons are many but I’ll give readers only a few. Bear with me for this long message then…
(1) I grew up around many MDs in my family, so from a very tender age I have been exposed to the medical world, which has always fascinated me. Medicine is incredibly beautiful! However, I thought that I did not have the stomach to deal with sick people, and since I always loved animals veterinary medicine seemed a very reasonable and noble career choice. Many MDs warned me that I was making the wrong choice and that I would regret later on. Forward a few years and I “accidentally” found myself doing cutting edge medical research with the brightest MDs in the country. I was immersed in the universe of real, brilliant, cutting edge medicine. What MDs are capable of doing, the depth of their understanding of physiology, pathophysiology, molecular biology, genetics, diagnostics, surgery, supportive care; the depth and accuracy of their research methods – everything simply blew my mind! In particular, the way MDs can bring important clinical questions to their labs, and then, answers back to the clinical setting. When I returned to the vet field, the reality hit me pretty hard. As veterinarians we’ll never, ever be able to practice at the same level human doctors do for a very simple reason: human life is infinitely more valuable than an animal’s. The best resources are in human medicine: the brain power, financial, technological. Veterinary medicine will always be 30-50 years behind human medicine. Thus, back to my original point - that if you really love the medical sciences, you should go for human medicine. And no, doing a residency in veterinary medicine and becoming a “specialist” or a “diplomate” won’t do it. Veterinary medicine has serious, inherent limitations that won’t change having a "diplomate" status.
(2) Basic economics. Compare the salary of an MD who just finished a residency in surgery or internal medicine or cardiology with their respective veterinary colleagues. Now compare the costs of an MD vs a DVM education. A $200K+ debt for a veterinary degree is lunacy! But hey, what the heck! Who cares right? We live in the age where money is printed out of thin air… with credit bubbles everywhere, including the student debt bubble… which brings me to a final point…
(3) The US government is completely bankrupt and buried in massive pile of debt; so are the majority of Americans. Currently, some clients pay $8K for little Fluffy’s back surgery, or $6K for Buster’s TPLO or Chester’s radiation/oncology treatment because of easy credit, not because people have money in savings (real capital). I already see that even my GP clients struggle to pay for basic wellness stuff. My colleagues who work in the ER (or other specialties) tell me that their clients don’t have the money to pay for expensive treatments. They reach out to their credit card or Care Credit. This reveals that the problem of debt and erosion of purchasing power is systemic and chronic; it is reaching a critical point now. The writing is on the wall…
Eventually, a national debt of 23+ trillions of dollars, along with the mother of all bubbles created by an irresponsible, delusional fiscal/economic policy will come home to roost (sooner or later). The next economic crash will surely make the Great Depression feel like a stroll on a green meadow on a balmy afternoon. The consequences are obvious: when families are in a tough financial predicament, who takes precedence? A kid who needs food, shoes, medical treatment, or little "Fluffy" who needs vaccines?
Just think about it…
To close, I do want to clarify one thing: veterinary medicine is a beautiful profession (in its own unique ways). However, being more mature, realistic and knowing all that I know now, I would have chosen human medicine instead - on a heartbeat. The future does not look promising for veterinarians. The profession is facing too many serious challenges, and the US economy will eventually tank, bringing an even harsher reality to most veterinarians.