Is it worth it? Obamacare, Salaries, Options

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MM94

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Alright, so I'm currently a rising sophomore pre-medical student looking at becoming an anesthesiologist. I've also been interested in a dental career, more specifically as an orthodontist. Yesterday, I spoke with an anesthesiologist who said he worked 60 hours a week and was paid around $400,000/year (he was in his 60's and had worked at that hospital for a while). However, he said that when Obamacare was implemented, his pay would most likely drop to $130k-$150k/year. He said his career wasn't very family friendly and that the lowering pay would definitely make it harder for him to get up every morning and make that low amount for a career he invested so much time and money in. However, with orthodontics, most of the patient's pay is out-of-pocket and isn't really associated with insurance companies. Also, Obamacare doesn't really have anything in it concerned with dentistry.

Another option that was introduced to me was being a CRNA or a Nurse Practitioner. The anesthesiologist said that those two careers would be in high demand with Obamacare and though they make around $100k-$120k each right now, they'd likely make the same amount of money as specialists such as anesthesiologists or more under Obamacare (if anesthesiologists salary dropped to $150k/year).

My main issue right now is dealing with my pre-professional pathway. If I'm going to change to a nursing major, I need to do that when school resumes for me next month. If I'm going to stay pre-med or switch to pre-dental, those both have the same requirements so I'll be fine there. Nursing majors and Chemistry/Biology Pre-med/Pre-dental majors have very different required courses at my school and I'd really like some insight as to what other people think about all of this. Most of my friends are business and technology majors and seem very disinterested and unhelpful when I talked to them about these things, so that's been really frustrating. 🙁

So, is the schooling worth it? Orthodontists need around 10-11 years of schooling (work 5 days/week, usually 9-5), Anesthesiologists around 12-14 years (working 60 hrs/week, not the best hours), and CRNA and Nurse practitioners around 8 years (work about 3 days/week, flexible hours). I'm just wondering if the pay averages out the same under Obamacare, will I spend all these extra years in school to make the same as someone who went through a lot less schooling than I did? Hope to hear some opinions and insights from others!
 
Being a physician regardless of obamacare most likely won't make you more than a dental specialist.
 
So if I'm following this right, after Obamacare, Anesthesiologists will work 60 hours a week and make about 150k and CRNAs will work 3 days a week (with flexible hours) and make the same or more?

Man, I chose the wrong route.🙄
 
Alright, so I'm currently a rising sophomore pre-medical student looking at becoming an anesthesiologist. I've also been interested in a dental career, more specifically as an orthodontist. Yesterday, I spoke with an anesthesiologist who said he worked 60 hours a week and was paid around $400,000/year (he was in his 60's and had worked at that hospital for a while). However, he said that when Obamacare was implemented, his pay would most likely drop to $130k-$150k/year. He said his career wasn't very family friendly and that the lowering pay would definitely make it harder for him to get up every morning and make that low amount for a career he invested so much time and money in. However, with orthodontics, most of the patient's pay is out-of-pocket and isn't really associated with insurance companies. Also, Obamacare doesn't really have anything in it concerned with dentistry.

Another option that was introduced to me was being a CRNA or a Nurse Practitioner. The anesthesiologist said that those two careers would be in high demand with Obamacare and though they make around $100k-$120k each right now, they'd likely make the same amount of money as specialists such as anesthesiologists or more under Obamacare (if anesthesiologists salary dropped to $150k/year).

My main issue right now is dealing with my pre-professional pathway. If I'm going to change to a nursing major, I need to do that when school resumes for me next month. If I'm going to stay pre-med or switch to pre-dental, those both have the same requirements so I'll be fine there. Nursing majors and Chemistry/Biology Pre-med/Pre-dental majors have very different required courses at my school and I'd really like some insight as to what other people think about all of this. Most of my friends are business and technology majors and seem very disinterested and unhelpful when I talked to them about these things, so that's been really frustrating. 🙁

So, is the schooling worth it? Orthodontists need around 10-11 years of schooling (work 5 days/week, usually 9-5), Anesthesiologists around 12-14 years (working 60 hrs/week, not the best hours), and CRNA and Nurse practitioners around 8 years (work about 3 days/week, flexible hours). I'm just wondering if the pay averages out the same under Obamacare, will I spend all these extra years in school to make the same as someone who went through a lot less schooling than I did? Hope to hear some opinions and insights from others!

I don't know where that anesthesiologist is getting his numbers.

http://www.forbes.com/sites/scottgo...-will-have-to-take-a-pay-cut-under-obamacare/

That article states that specialties outside of primary care will take a 5.9% pay cut per year for three years, and then freeze at that salary for seven years. It'd total out to 16.7%, which isn't nearly enough to drop a $400k salary to $150k.

EDIT: That was the most recent article I could find with a percentage on pay cut. The article does mention that those numbers are proposals, so nothing is set in stone.
 
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Alright, so I'm currently a rising sophomore pre-medical student looking at becoming an anesthesiologist. I've also been interested in a dental career, more specifically as an orthodontist. Yesterday, I spoke with an anesthesiologist who said he worked 60 hours a week and was paid around $400,000/year (he was in his 60's and had worked at that hospital for a while). However, he said that when Obamacare was implemented, his pay would most likely drop to $130k-$150k/year.

:laugh::laugh::laugh::laugh::laugh::laugh::laugh: Oh my god, what a booger.

****boomers really have no shame. He's in his 60s, presumably went to medical school for pennies on the dollar, lived through the amazing medical salaries of the 1980s, and he has the gall to complain about the "time and money" he spent.
 
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I don't know much about dental, but aren't most of the stuff orthodontists do not covered by insurance anyway? :eyebrow:
 
I don't know much about dental, but aren't most of the stuff orthodontists do not covered by insurance anyway? :eyebrow:

Mine covers full dental including braces. There might be some age stipulations and deductibles though. Still, I really don't understand why almost everyone on here thinks that dentists are practically immune to the decreases in compensations happening in medicine.
 
:laugh::laugh::laugh::laugh::laugh::laugh::laugh: Oh my god, what a booger.

****boomers really have no shame. He's in his 60s, presumably went to medical school for pennies on the dollar, lived through the amazing medical salaries of the 1980s, and he has the gall to complain about the "time and money" he spent.

and they have the nerve to call us the "entitlement generation."
 
Mine covers full dental including braces. There might be some age stipulations and deductibles though. Still, I really don't understand why almost everyone on here thinks that dentists are practically immune to the decreases in compensations happening in medicine.

They aren't, but they probably have an easier time combating dropping insurance reimbursement.
 
They aren't, but they probably have an easier time combating dropping insurance reimbursement.

I know this is a conventional wisdom on pre-allo but I think it's an oversimplification. A small practice even if derives only some of its revenue from insurance in a highly competitive environment may face even bigger challenges to survive than a large established hospital should insurance revenues decrease.
 
I don't know where that anesthesiologist is getting his numbers.

http://www.forbes.com/sites/scottgo...-will-have-to-take-a-pay-cut-under-obamacare/

That article states that specialties outside of primary care will take a 5.9% pay cut per year for three years, and then freeze at that salary for seven years. It'd total out to 16.7%, which isn't nearly enough to drop a $400k salary to $150k.

EDIT: That was the most recent article I could find with a percentage on pay cut. The article does mention that those numbers are proposals, so nothing is set in stone.

Freeze = cut...inflation, brah

And reading that article has convinced me that I made the wrong choice to become a physician. Dentistry >>>> Medicine as a career path now.
 
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Have fun only working on teeth just to drive a slightly nicer car.
 
I wish I could, brah, but I'm stuck in medicine now...

It's tragic being stuck getting an education while living under a roof and eating well. This is terrible.

Perhaps pursue being a baggage handler or custodial worker.
 
Grass is always greener...

The problem is that the government is browning up our grass as we speak. Of course, physician salaries are under 10% of healthcare costs, but the government is going to cut physician reimbursement anyways, because it can.
 
Yup. I am not arguing with that. My point is that dentists, if not already experiencing same problems, are next in line. I personally haven't heard of a country with nationalized healthcare and private dentistry. I doubt US will become the only country in the world where dentists will make significantly more than doctors.
 
Nothing is what it used to be fellas. Hate to break that to you all. You can't just go to any law school these days. You can't work on Wall Street without going to Wharton or something close. Pharm reps can't even hand out pens. Stop listening to what people who worked in the 90's have to say because it's not always going to be peachy.
 
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