Medicinesux,
Have you ever thought about practicing in Canada after finishing residency? It might be tough to transfer from the American to Canadian system, but Canadian healthcare is significantly different in it's approach to patient care. You may find it more satisfying, and with less malignant personalities (or that may be just the residency experience! everyone has to do it). There will certainly be LESS LAWSUITS, and your malpractice premiums will be DRAMATICALLY LOWER. You won't have to deal with insurance companies dictating what procedures / consults, etc are covered in that the government pays for everything. Another huge advantage is that all of your billings go through one entity: the provincial government. Due to this fact, your billings are rarely (if ever) rejected. I would like to see an American physician make that claim! Due to the nature of the above set-up, you don't have to hire personnel dedicated solely to "track down" patients who fail to pay their bills, or to harass insurance companies who repeatedly reject billings. I can't imagine the headaches that would result from this.
However, if you are in an "ultra-high" paying specialty like neurosurgery or ortho, the income may be significantly less if you where to practice in Canada.
I am a family doctor who practices family medicine and chronic pain in Ontario, Canada . I will be on track for billing approximately $420,000 this year , with 17 % overhead. Given, I am in an unusual situation. However, one of my family medicine friends who solely practices family medicine billed $390,000 (with 30% overhead) last year. He told me this figure was about average for his family practice group (of 20 doctors). Neither he or myself work "insane hours"; I work 25-30 hours per week, and he puts in 45-50 hour weeks (1 weekend walk in shift per month). I take home / phone call once per year, as I am in a HUGE call group (about 280 doctors).
Medicinesux,
Don't let residency colour your picture of what practicing medicine is actually like; when you (finally) finish, it will be a different ballgame altogether.
If you can, come over to Canada. We'd love to have you!
GD.