Benzion

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so what does this mean to med students? or pre-med students, for that matter?
 

bronx43

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so what does this mean to med students? or pre-med students, for that matter?
Too early to tell, but if you're at a top 20 undergraduate institution, it's probably a good time to look into finance.
If you're not, then medicine will probably still be one of the highest paying careers that you can realistically get into.
 

Dr Oops

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Too early to tell, but if you're at a top 20 undergraduate institution, it's probably a good time to look into finance.
If you're not, then medicine will probably still be one of the highest paying careers that you can realistically get into.
probably wont be true for much longer, salaries wont drop significantly maybe instead of 165K the average physician makes 110K, but factor in the fact that you will have to work harder to make that 110K than before and its essentially lowering your earnings even more.
 

Werg

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so what does this mean to med students? or pre-med students, for that matter?
It means when you have $200k of student loans + a $200k mortgage and a resident salary and your kid gets cancer, you won't necessarily go bankrupt (maybe).

 

Mr. Hat

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It means when you have $200k of student loans + a $200k mortgage and a resident salary and your kid gets cancer, you won't necessarily go bankrupt (maybe).

1) I'm pretty sure residency programs offer group health insurance.

2) If you have a 200K mortgage as a resident, you deserve to go bankrupt.
 

Werg

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1) I'm pretty sure residency programs offer group health insurance.

2) If you have a 200K mortgage as a resident, you deserve to go bankrupt.
Group insurance tends to have its limits. Often times with a simple expense cap, i.e. after $XXk we no longer pay.

You might be surprised at the mortgages residents take out (and qualify for). Most of them assume they will be making more than $45k in a few years . Of course if you lose your ability to work, you're truly screwed with all of that debt.
 

bronx43

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probably wont be true for much longer, salaries wont drop significantly maybe instead of 165K the average physician makes 110K, but factor in the fact that you will have to work harder to make that 110K than before and its essentially lowering your earnings even more.
Yeah, hard to say what the compensation figures will be once this thing takes full effect, but I think specialists can still pull upwards of $200k (working a lot, of course), but primary care wouldn't take that large a hit. The overall averages will go down, but specialists will feel it more than GPs.
 

miglo

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I feel bad for everyone that is just entering medical school. You all (and myself) just got a serious knee in the groin by Obama et. al.
 

bronx43

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I feel bad for everyone that is just entering medical school. You all (and myself) just got a serious knee in the groin by Obama et. al.
Yeah, I don't know who got it worse. The fresh meat (MS) or doctors that have been practicing for only a few years. I can totally see a cardiologist somewhere who bought a big house and a couple of nice cars with the belief that his salary will be somewhat stable for the foreseeable future... much rather have a small house all along than having a big one, then a small one.
 

GH253

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it's truly a wonderful day for mediocrity-loving americans
 

bronx43

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Dirt

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Are there any specific bits that you'd like to highlight? And how it is relevant to the topic at hand?
I will leave it at this.

It is a very long and complicated bill that says very little about actual reimbursements to physicians.

I don't really care to highlight anything, I just put it out there for those who want to read a summary of the actual bill as opposed to rhetoric.

As for my remark about physician salaries, I just find it amusing that it is the biggest issue people on here have with a massive overhaul of our entire health care system.
 

miglo

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As for my remark about physician salaries, I just find it amusing that it is the biggest issue people on here have with a massive overhaul of our entire health care system.
Hmmm, you find it "amusing" that doctors are worried about THEIR salaries? Seriously...thats kinda of an asinine statement.

I honestly don't give a ratass about overhauling jack if I now suddenly make 50% of what I thought I would going into medical school.

Not exactly the kind of change "I can believe in".
 

Dirt

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Hmmm, you find it "amusing" that doctors are worried about THEIR salaries? Seriously...thats kinda of an asinine statement.

I honestly don't give a ratass about overhauling jack if I now suddenly make 50% of what I thought I would going into medical school.

Not exactly the kind of change "I can believe in".
I find that degree of selfishness amusing, sad, unfortunate, and a number of other things.

In the end the job of a physician is to take care of their patients. There is no doubt that compensation is important to all of us, but it is not the only thing.

If as you say all you care about is the salary, are you going to be performing unnecessary surgery. procedures, or radiologic studies etc. to bump up your reimbursements?
 

Benzion

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Excuse me...although yes we all want to go to medical school to help people, but we also need to be able to not only pay off our student loans, but also support a family!
No one here is saying that 'the only thing we care about is salary', but that does play an important role, whether you like it or not.
We have to be able to live as well.
Peace.