Healthcare reform may reduce doctors salaries...but not by half. That's a bit extreme. It's really hard to estimate the effect reform is going to have given the timeframe of implementation and the ambiguity in terms of how legislation will affect income/cost distribution. Right now, liberal estimates range from a decrease of 9% for some to an increase in 8% for others. There are a couple of good projection studies you can access at gallup(I think it was gallup)...I'll try to look them up and PM you if I can find them. Reform legislation might not even pass. Although a bill was passed earlier today, it seems to me like Obama is taxing his political capital trying to push this thing through. Regardless, no matter what happens with reform, you will live a financially secure life. You won't be filthy rich like some partner's in huge law firms, but you also won't be begging for money a while. I think this has been true for a while.
Can you post the data that you find on this thread so that everyone can read it?Thx
Also, don't put an overwhelming amount of stock into what people say. Some people are going to be happy with where they are, some people aren't. That's just way things are in life. I wouldn't doubt that it holds true for CPAs/Lawyers as well. Life is what you make out of it. You're at the precipice of an incredible journey. Medical school admission is competitve...there are thousands of students nationwide that survive the weed-out process some schools have and even still, don't make it into med school. You'll give up a lot...if you're graduating college at 22, you'll finish med school at 26, residency in your late 20s/early 30s. You'll most likely enter your 30s in debt and have never been in the same place for more than a couple year (depends on the individual but not uncommon). The best years of your life will be spent in training (not to say you can't have fun, but you're friends in other professions will probably have a lot more freedom than you).
But think of what you'll get...
-Financial security, 150K+ (which, imo, is pretty insane money even tho taxes rip out a good chunk of it), and a demand market such that you prolly won't have to try too hard to get a job especially considering that a fair bit of current physicians (I think it was 40% according to a survey I read recently, don't remember exactly) will retire in the next 5-9 years.
-People...you're surrounded by people that might be sick and need your help. I've got to imagine that it's a pretty strong feeling becoming close to a patient and curing them
-Versatility; You can do a lot of stuff with an MD if patient care isn't up your alley
-Prestige?
-Everyday, people wake up to work at a cashier for 8.50 an hour or dig a ditch along a highway. There's nothing wrong with this, it's what my parents did. But you have a chance to do something more, you owe it to them to do so. (I'm sure not everyone will agree with this but it's what I think)
If you were my son/daughter, I'd say suck it up and do it unless you forsee yourself being absolutely miserable.