I don't know if its true or not but I have been told that some of the money goes to cover malpractice. Anyone know for sure?
Not true ACGME covers malpractice. The hospital does not spend a cent in your malpractice.
I have heard stories from old timers (and I mean really old timers) who used to have their families eat every meal at the hospital cafeteria because that was the only thing they could afford and that was the only time the got to see them. If anyone wants to go back to that the that is fine with me because I have already finished my training.
The good old days, which weren't really that good.
If you are a General Practice physician you should be paid like so. Why are we the only profession in the whole world that has to go through this sht?? In fact I would even pay, rather than being paid, to specialize. This way residents would work whatever they feel comfortable and make a lot of demands on their education.
What the heck happens to that 150K our programs recieve to train us?? There's a missing 110K somewhere. Is it just fattening the pockets of the academic physicians? I'm certain I dont see that much money going into my training.
I asked one of my attendings, who happened to be on the management board, that same question while I was a resident. His reply was "residents waste a lot of money because they don't know what they are doing" That would be in my case a 100 angio caths, 3 central line kits and 10 epidural trays= 450k?? And they get in return the equivalet of a CRNA working 70hrs/week who does preops , takes only 30 min for lunch, takes all the sht from attendings, and cannot complain for 50k/year *3years???
BS
Thats revenue for them. Why do you think every crap hospital in the US has a residency? There are not that many people who care about your education. Like 5 years ago, medicare said to some NY hospitals "you are training to many foreign doctors", so medicare decided to pay hospitals for not taking foreign grads. Do you think the hospitals stopped hiring foreign grads? Of course not, otherwise they would have to hire like 2 or 3 PA's/Nurses for every resident they had.
Our training system is very wrong. I would love to see it go to hell.