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America's doctors are overpaid


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2013 Feb 25, 9:15am   33,317 views  150 comments

by tovarichpeter   ➕follow (7)   💰tip   ignore  

http://www.slate.com/articles/business/moneybox/2013/02/american_doctors_are_overpaid_medicare_is_cheaper_than_private_insurance.html

American health care costs a lot because the prices Americans pay for health care services are very high. And hospitals charge those high prices for the same reason any other business would—because they can. It’s easy to see why a health care provider is almost uniquely well-positioned to bilk you. If you don’t get treatment, you or someone you love might die. It’s a high-pressure emotional situation that makes it extremely difficult to bargain, comparison shop, or just decide to cut back. Most of us, fortunately, get to outsource most of that bargaining to our insurance companies. Cold-blooded executives, not...

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91   MMR   2013 Feb 27, 10:47pm  

Although I think some of the course material is harder in engineering in terms of having to use logical thinking, overall medicine is significantly harder than engineering, due to the time commitment and also the fact that you can't just 'go at your own pace' as one might be able to do in engineering (go part time).

Meccos says

Furthermore, the difficulties of becoming a physician is only partially about learning the subject matter, but also the sacrifices in time and effort which you do not seem to comprehend.... perhaps you do since you are quoted as saying the following:

92   Rin   2013 Feb 27, 10:51pm  

MMR says

That being said, other than emphasizing prevention and coming up with a standard of care, I'm not sure if there is a better way to teach the craft other than cramming, testing, regurgitating and doing it over and over again until reaching the hospital, then seeing as many cases as possible and solidifying it through a residency or fellowship.

I'm not sure if this can be changed. Even today, those with adult onset diabetes, type II, tend to self-medicate with vitamins, on advice from friends and nutritionists. For example, thioctic acid (R-lipoic acid), cheap & widely available in many vitamin stores w/o prescription, has been shown to normalize insulin levels, while increasing glutathione production, however, from the allo perspective, only glucophage (metformin) is prescribed to control blood sugar levels via hepatic manipulation.

93   MMR   2013 Feb 27, 11:25pm  

My relatives who are doctors (all 30 of them) do not know even this simple fact. Only one ever mentioned it, and couldn't tell the difference between R-lipoic acid and alpha lipoic acid. The difference is that the R enantiomer is more active while standard alpha lipoic acid contains both R and S enantiomer which is useless.

Also fenugreek works to normalize insulin levels

Also bitter melon or bitter gourd has a profound effect on insulin levels. This is commonly found in Indian grocery stores; also Chinese stores consistently carry it along with the Chinese bitter melon which is similar, but with a smooth surface.

Cinnamon is also useful in the treatment of diabetes

Grape seed extract is also useful in the treatment of diabetes

vitamin C is also useful in normalizing slightly elevated blood sugar

Metformin is probably the safest drug, as you stated, limits hepatic conversion of amino acids to glucose (gluconeogenesis). It does have the side effect of lactic acidosis.

All this is good but it is not a substitute for actually dropping body fat through macronutrient manipulation, resistance training + high intensity interval training or cardio. Of course, most people are lazy +brainwashed to believe that a pill will solve their problems.

People with type II diabetes don't consistently exercise, that's for sure. If they did, they probably wouldn't get type II in the first place, even with a purported strong genetic predisposition (that's what they claim in the books anyway).

That is where personal trainers are required. How many doctors at the primary care level have personal trainers that they can refer people to? In my family of 30 doctors, the answer is zero. Only other drs in their referral networks.

Changing attitude towards food is also something that most obese people, not just diabetics.

For those who don't exercise, ketogenic diet is probably the way to go, but adherence is an issue. Most drugs outside of metformin have significant side effects.

For those who do resistance training + cardio, a cyclic ketogenic diet might be better as weight training with glycogen depletion is an uphill battle

http://en.wikipedia.org/wiki/Cyclic_ketogenic_diet

In many cases, drugs buy a little bit of time before the patients renal function declines to the point where they have to be put onto dialysis. It's a known fact that over 80% of people on dialysis due to end stage renal disease are also diabetic (usually type II). Reason: no money in prevention

Are patients going to follow doctors who tell them to lose weight without telling them how? Furthermore, are patients going to exercise when their doctor doesn't exercise themselves or have anyone in their referral network who is an exercise specialist.

On the average, patients relying on insurance to pay and doctors relying on insurance to get paid will never solve this issue.

Medicine was once a calling, then a profession; now, it's all about business. While the majority want the easy way out, there is a business opportunity for those individuals who want to learn and put in the work with money out of their pocket. That's my target market

Rin says

or example, thioctic acid (R-lipoic acid), cheap & widely available in many vitamin stores w/o prescription, has been shown to normalize insulin levels, while increasing glutathione production,

94   MMR   2013 Feb 27, 11:32pm  

Also, many diabetics are deficient in B complex vitamins, C, D and even K, which I just realized.

This is just a cross sectional study, but vitamin K, especially K2 does have a lot of emerging science behind it.

http://www.ncbi.nlm.nih.gov/pubmed/23034962

95   MMR   2013 Feb 27, 11:34pm  

Alzheimer's Disease might very well be "type III diabetes" as it is characterized by brain insulin resistance. News to me but I know that AD and type II DM share one thing in common: amyloid deposits (AD in brain and type II DM in pancreas).

http://www.rhodeislandhospital.org/wtn/Page.asp?PageID=WTN000249

96   Rin   2013 Feb 27, 11:38pm  

MMR says

My relatives who are doctors (all 30 of them) do not know even this simple fact. Only one ever mentioned it, and couldn't tell the difference between R-lipoic acid and alpha lipoic acid. The difference is that the R enantiomer is more active while standard alpha lipoic acid contains both R and S enantiomer which is useless.

One other point on thiotic acid, the L enantiomer is actually unnatural & cytotoxic, in vivo, in higher dosages. The R, however, is the opposite, has even been indicated to increase lifespan in rodent studies, which perhaps, may have something to do with the glutathione antioxidant support.

My mother had developed adult onset diabetes and today, both as a result of calorie restriction post-6PM and taking R-LA, she's doing a lot better. None of her internal medicine doctors have given her the aforementioned course of actions. Instead, it was simple a regimen of metaformin prescriptions. She's spread the word, among her friends, and now, many of them have their conditions under control w/o the assistance of a consulting physician.

97   MMR   2013 Feb 27, 11:41pm  

Do obese and 'skinny-fat' IM doctors who do not engage in consistently tell their patients to do resistance training and to avoid obvious food choices (soda).

Most times after a blood test revealing high blood sugar, the average primary care doc will say "we have to keep an eye". The RESPONSIBLE doctor, treats a prediabetic like they've already got diabetes by strongly promoting diet and exercise. Alas, so few of those in the primary care industry.

Which doctors even know about vitamins and nutritional supplements? How much are they taught about it in biochemistry? Jack and Jack

98   Rin   2013 Feb 27, 11:51pm  

MMR says

Which doctors even know about vitamins and nutritional supplements? How much are they taught about it in biochemistry? Jack and Jack

I think the training here involves something other than just making the rounds at a hospital.

For instance, growth hormone secretion is countered by insulin spikes. Thus, for a person to gain the best GH secretion in his sleep, he needs to be a least 3+ hours removed from his prior meal. This is more important than worrying about a sugary donut or waffle, for breakfast. Thus, my mother has now, made breakfast/lunch her largest meal of the day. For dinner, it's basically a half portion of meat and vegetables. She also takes an R-LA pill, with each and every meal. End result, she wakes up refreshed, each and every day & has her diabetes under control.

99   CL   2013 Feb 28, 1:59am  

Homeboy says

A typical wage earner could work for 30 years and still in their entire life, not make anywhere close to what an NBA player makes in a single year.

Keyword here is "typical". How many millions WANT be in the NBA and never make it? It doesn't always look like it, but these are the very best of the very best of the very best. They work from childhood, really, uncompensated and achieve greatness.

Think of it as deferred compensation, and of how many entertain us for next to nothing or nothing.

100   Rin   2013 Feb 28, 2:11am  

CL says

Homeboy says

A typical wage earner could work for 30 years and still in their entire life, not make anywhere close to what an NBA player makes in a single year.

Keyword here is "typical". How many millions WANT be in the NBA and never make it? It doesn't always look like it, but these are the very best of the very best of the very best. They work from childhood, really, uncompensated and achieve greatness.

Think of it as deferred compensation, and of how many entertain us for next to nothing or nothing.

I think the way to break this down is this ...

NBA = immediate millionaire to multimillionaire status
European/International leagues = quarter of million to millionaire status
All other semi-prof B-ball clubs = secretarial to junior engineering salaries

Thus, if you exclude the NBA, a.k.a the Monied David Stern Club, 90% of basketball players get paid like every other group of performing artists out there. This is not too different from being a member of an elite rock group (i.e. Metallica, U2, Beatles, Aerosmith) vs playing in your local town's music club, which pays some $100-$200 per gig, which is why music is generally considered a hobby by most persons out there.

Therefore, how much an NBA player gets paid is not relevant to the argument of whether or not they get paid too much. It's Stern's entertainment company and if one doesn't like it, then go watch one's local YMCA leagues duke it out.

Likewise, let's boycott U2 shows and album/mp3 releases, shrink their fan & advertising base, since Bono, Edge, and Clayton don't deserve to be millionaires over a guy who plays out in his hometown's school gymnasium. I mean that's the essence of homeboy's argument.

101   MMR   2013 Feb 28, 3:39am  

That's wonderful, I wish I had such compliance with my own mother. Still I managed to get her to reduce her metformin by 50% and she has been exercising with some reduction of body fat, but not enough.

I keep R-Lipoic Acid in the house but she doesn't take it. I managed to get her to take fish oil and vitamin D though.

But since the Doctor gave it to her, she is reluctant to try non-drug therapies which you and I know work with a high rate of efficacy in mild cases.

Absolutely right on the growth hormone

Rin says

She also takes an R-LA pill, with each and every meal. End result, she wakes up refreshed, each and every day & has her diabetes under control.

102   Rin   2013 Feb 28, 3:41am  

chanakya4773 says

You tell the firefighter who has to dive in to FIRE to save your precious little life when your house blows up in fire. Tell him why you need to get paid many times more than him because you are going to do a run of the mill surgery in which you personally have zero risk and the rate of success is just another statics.

I think his argument will go something like this ... did that guy gets A's in biology, a high MCAT, and get accepted to an extremely prestigious program plus residency, and thus, gave up his weekends, nights, etc, just to have the privilege of slicing open a person and having the power of God over them, while hiding behind the blanket coverage of malpractice insurance, along with the *code of silence* among peer surgeons?

You see, that's the essence of how premeds and MDs see themselves. I'd worked with plenty of these personality types during undergrad research projects. They are worthy of praise, money, and prestige because their academic accolades awarded 'em with it. Everyone else, those HS "dropout quality" firemen, the NASA engineers who play with circuit boards, the Navy SEALS guy (who works for only a military pension) are mediocre, not dedicated, & not worthy of high pay and prestige.

In fact, I'm pretty sure that if I'd publicly stated, in a live meeting of people, that I'd helped manage my mom's Type 2 diabetes w/o a consulting physician recommending R-LA, that he'd have me charged for practicing medicine w/o a license despite the fact that my mother's IM physicians did little for her.

103   MMR   2013 Feb 28, 3:51am  

Definitely! But that doesn't necessarily make it less relevant. There is good research for many dietary supplements, but much of it doesn't reach a doctors consciousness because it isn't published in JAMA, NEJM or Annals of Internal Medicine, for example. For a number of reasons, good research can't make it into the top journals, mostly due to political issues.

The genius author of Jurassic Park, Michael Crichton, MD said it best: I regard consensus science as an extremely pernicious development that ought to be stopped cold in its tracks. Historically, the claim of consensus has been the first refuge of scoundrels; it is a way to avoid debate by claiming that the matter is already settled.

The journals are perpetrators of "consensus science". Most medical students fall for it hook, line and sinker.

Although, on an anecdotal level, none of the drs in my family are convinced enough of the benefit of dietary supplements to actually keep any in their home, other than something along the lines of centrum.

It seems that the vast majority strongly believe in pharmaceutical therapies designed to be taken for a lifetime.

Rin says

I think the training here involves something other than just making the rounds at a hospital.

104   Rin   2013 Feb 28, 4:00am  

Meccos says

Stop complaining and go become a doctor yourself.... furthermore dont make stupid requests like the quote above... it only hurts your argument

Actually Meccos, it looks like that I'm gaining more adherents over time than you. Just read all the responses above. You thought that you could make me look sophomoric but it appears that that moniker is slowly fitting you rather well with your pomposity. Yes, I'm not proud of working for a hedge fund but you know what ... it'll make me free/independent and then, I can do what I want with my life w/o needing to justify the shortcomings of my profession to others.

Yes, when (not if) I become a doctor, I will never get online and tell ppl that doctors are a gem of society. Instead, I'll say that unlike some (whose names I won't mention), I've done the best that I could. And if that basically turns me into an adjunct physical therapist or nutritionist then so be it. I'm sure I could survive on my earnings from the HF work for some time.

105   Homeboy   2013 Feb 28, 4:12am  

CL says

Keyword here is "typical". How many millions WANT be in the NBA and never make it? It doesn't always look like it, but these are the very best of the very best of the very best. They work from childhood, really, uncompensated and achieve greatness.

Think of it as deferred compensation, and of how many entertain us for next to nothing or nothing.

There seems to be an epidemic of missing the point in this thread. Shall we review?

I did not ever say NBA players should not be paid what they are paid. I did not say it isn't justified. I did not say it should be less.

I said, complaining about what doctors make is silly when you consider that they save lives, and other people make 30 times more for playing with a ball.

You seem to enjoy arguing strawmen just for argument's sake.

106   turtledove   2013 Feb 28, 4:13am  

Just to clarify... With respect to doctors, what is your definition of "overpaid?" (Precisely, what is the dollar amount?)

107   Homeboy   2013 Feb 28, 4:17am  

Rin says

Likewise, let's boycott U2 shows and album/mp3 releases, shrink their fan & advertising base, since Bono, Edge, and Clayton don't deserve to be millionaires over a guy who plays out in his hometown's school gymnasium. I mean that's the essence of homeboy's argument.

What's with all the strawmen?

I never said anyone doesn't deserve their salary.

YOU said doctors don't deserve their salary.

Actually, you just refuted your OWN argument. LOL.

108   Rin   2013 Feb 28, 4:18am  

Homeboy says

what doctors make is silly when you consider that they save lives, and other people make 30 times more for playing with a ball.

Read chanakya4773's comments on the firemen, in terms of saving lives and the payscale.

As for professional sports, I'll bring up the U2 analogy ... is it not right for a private entertainment enterprise, to pay out their stakeholders, in proportion to what that business brings in, in terms of ticket sales and advertisement money? You are always free to not support U2.

On the other hand, if I publicly tell anyone, in a conference-like setting, that I'd managed by mom's diabetic condition with a mere off the shelf vitamin, most likely, I'd be charged with practicing medicine w/o a license and hence, the information stays within the circle of friends and family.

109   MMR   2013 Feb 28, 4:19am  

Situations like that made me pursue medicine instead of listening to crap perpetuated by people who are full of themselves (MD degree holding relatives working in the field) while criticizing me for being right and never having the integrity to research one iota of assertions I ever made based on researching literature and personal experimentation.

Even though I'm full of facts, not one of them has ever "seen the value" or implemented a single one of my suggestions.

My moms side of the family, on the other hand, while significantly less educated, has a number of members who I've successfully managed to lead by example.

My experience is that you can't teach drs anything because they already know it all.

As a former personal trainer, I learned that the two most impossible people to sell personal training packages to were: Doctors and Accountants. Accountants need to really know objectively that they are getting their money's worth and it is nearly impossible to guarantee success without knowing a person's commitment level. Doctors, as stated earlier, because they think they know it all.

In medical school, all I've come to realize is that you learn a lot about pathology and pathophysiology. This is in contrast to normal physiology and improving upon baseline normal physiological function, which is what exercise has been proven time and again to do (both resistance and HIIT or cardio).

Most doctors also don't know the difference between consensus and real science but claim that they practice 'evidence based medicine'.

As for the joe-schmoe IM's: when 40% of the patients are obese you'd think the average internist would have answers for them, regardless of their training. It turns out, however they do not.

One more point. A lot of people are lazy to buy efficacious supplements because their insurance won't pay for them. I made a comment about Aetna having a crappy flex spending account. This is the main reason why. Only up to 2000 dollars a year tax free and the supplements have to be prescribed by the doctor. Even with the doctors (who don't take insurance) who are knowledgeable about supplements, they prescribe supplements that they sell and filling out the paperwork is a pain in the ass.

That genius Michael Crichton said: patients too often shunned responsibility for their own health, relying on doctors as miracle workers rather than advisors.

This is the main reason why most of the threads pertaining to insurance are slightly misguided. It begs the question: What are most of the people starting threads about insurance actually doing on a consistent basis to ensure good health into old age?

The main difference between doctors who take insurance vs those who don't at the primary care level: one is indifferent to your lifestyle other than paying lip service and the other demands 'skin in the game'

Rin says

In fact, I'm pretty sure that if I'd publicly stated, in a live meeting of people, that I'd helped manage my mom's Type 2 diabetes w/o a consulting physician recommending R-LA, that he'd have me charged for practicing medicine w/o a license despite the fact that my mother's IM physicians did little for her.

110   Homeboy   2013 Feb 28, 4:19am  

turtledove says

Just to clarify... With respect to doctors, what is your definition of "overpaid?" (Precisely, what is the dollar amount?)

Shhh.... don't confuse them by asking for actual facts. It makes them angry.

111   Homeboy   2013 Feb 28, 4:21am  

Rin says

Read chanakya4773's comments on the firemen, in terms of saving lives and the payscale.

Oh, I see. You acknowledge the validity of the argument when it's used by someone you agree with, but claim it's an invalid argument when I use it. Nice....

112   Rin   2013 Feb 28, 4:21am  

Homeboy, are you a moron? You don't have to support U2. You can support your local band.

I can't tell anyone to take R-LA for type 2 diabetes w/o being charged for practicing medicine w/o a license. Can't you see the difference?

Please, point out the strawman above.

113   Rin   2013 Feb 28, 4:23am  

Homeboy says

Rin says

Read chanakya4773's comments on the firemen, in terms of saving lives and the payscale.

Oh, I see. You acknowledge the validity of the argument when it's used by someone you agree with, but claim it's an invalid argument when I use it. Nice....

OK, so how many firemen do you know, who earn from $200K to $300K? Yes, I'm now using your argument concerning payscale.

114   Rin   2013 Feb 28, 4:24am  

chanakya4773 says

Very easy to fix it..lets create a third party which will put all these requirements for firefighters given the nature of their work.

1) 10 years over-training with 400K per year tuition ( only one school will be allowed in the whole country to train them to create "high quality" firefighters. only 100 seats will be available.)

2) Need to be 6 feet tall or more

3) should be able to jump 6 feet or more

4) Is insensitive to heat.

Now , when you are stuck in a fire in your house, the firefighter will demand 1 million dollars to save you because he had to do 1) 2) 3) and 4) and also because he is "SAVING LIVES"

you will not have any choice but to pay the million dollars.

Excellent, now you see where I'm coming from.

115   Homeboy   2013 Feb 28, 4:27am  

Rin says

Homeboy, are you a moron? You don't have to support U2. You can support your local band.

I can't tell anyone to take R-LA for type 2 diabetes w/o being charged for practicing medicine w/o a license. Can't you see the difference?

Please, point out the strawman above.

It's ALL strawman.

What are you, a fucking troll? Still going with the strawman, but you added ad hominem and misdirection for the trifecta!

116   Rin   2013 Feb 28, 4:31am  

Homeboy says

What are you, a fucking troll? Still going with the strawman, but you added ad hominem and misdirection for the trifecta!

Yah, you've completely lost it. No one's been posting strawmen. You just can't win an argument ... no examples, no line of reasoning, zippo.

Anyways, everyone's already collapsing on you.

117   Homeboy   2013 Feb 28, 4:35am  

Rin says

OK, so how many firemen do you know, who earn from $200K to $300K?

How many physicians do you know who only have a high school education?

118   Homeboy   2013 Feb 28, 4:36am  

Rin says

Yah, you've completely lost it. No one's been posting strawmen. You just can't win an argument ... no examples, no line of reasoning, zippo.

Anyways, everyone's already collapsing on you.

Sure, whatever you say, troll.

Here's a song for you, strawman:

http://www.youtube.com/embed/nauLgZISozs

119   Rin   2013 Feb 28, 4:37am  

Homeboy says

Rin says

OK, so how many firemen do you know, who earn from $200K to $300K?

How many physicians do you know who only have a high school education?

You've already heard all the jazz about education in the above threads.

120   Tenpoundbass   2013 Feb 28, 4:51am  

Quit saying Doctors earn their money.

The last time I checked we got a $1200 dollar bill just for the Doctor to tell us what we already knew and give my wife a glorified aspirin. He was in the room for a grand total of 10 minutes. After a three hour wait in the split back gown.

121   MMR   2013 Feb 28, 4:51am  

That's the spirit

Rin says

Yes, when (not if) I become a doctor, I will never get online and tell ppl that doctors are a gem of society. Instead, I'll say that unlike some (whose names I won't mention), I've done the best that I could. And if that basically turns me into an adjunct physical therapist or nutritionist then so be it. I'm sure I could survive on my earnings from the HF work for some time.

122   Rin   2013 Feb 28, 5:02am  

chanakya4773 says

THIS DOES NOT HAPPEN IN ANY OTHER SERVICE WHICH DOES NOT HAVE PROTECTIONISM.

For a while there, I was beginning to think that I was the only one really fired up about this topic :-)

123   curious2   2013 Feb 28, 6:26am  

turtledove says

Just to clarify... With respect to doctors, what is your definition of "overpaid?" (Precisely, what is the dollar amount?)

Respectfully, I look at the issue in a different way. I never bothered much about whether bankers were overpaid until they bankrupted their banks and got bailed out by TARP/QE/ZIRP. Prior to that, their argument was the same as Meccos: they were smart and worked very hard and sacrificed with long hours, so they "deserved" all that the market would pay them. Since TARP/QE/ZIRP, I say they were overpaid and still are, because obviously all their "knowledge" and "work" didn't add up to running a bank successfully, and their "sacrifice" of long hours (that I never asked for anyway) doesn't give them a claim to government bailouts.

With Obamacare's mandatory insurance, doctors are now in the same position.

TARP bankers, muggers, and now alas doctors are overpaid because they (or your own government) put a gun to your head and demand "all your money" (or in the case of Obamacare, "all you can afford") whether you agree or not. At least muggers don't pretend to deserve it, and they are the lowest paid on the list.

Meccos has made several very defensive and aggressive posts about how if you don't like doctors you can always see a shaman. Lately the line has been blurring, e.g. Homefool's SSRIs, but that isn't the only problem. Another problem is bundling and tying, which in retail can be illegal but in medicine is common practice. The Rx mandate prohibits you from buying any medicine without first paying a doctor for permission, and most doctors don't even tell you in advance what they will charge so you can't know if it's worthwhile, and besides there are a million different prices depending on which insurance you're using, and if you don't use insurance they are required by their insurance contracts to overcharge you most of all.

Less than a century ago, doctors made house calls, stated honest prices and stuck to them, worked for their patients, and made a good living. Those doctors were not overpaid, even though of course people complain about having to pay any expense, even options like cable TV. BTW house calls are often the best general medicine, because a doctor looking at your house and the people you live with can see many clues about what's wrong with you, which helps a lot in diagnosis and the best treatment might be to look in your kitchen and tell you which foods to stop buying and what to buy instead. Dr Oz and Matthew Roizen did a great TV series on this, they said they'd saved more lives visiting people's kitchens than operating on their hearts.

Most of today's doctors work for hospital corporations, insurance companies, and/or large corporate networks. They have lost their independence, they charge outrageous fees that they don't even know let alone control, and they have a monopoly on the entire medical formulary. In Germany, where aspirin was invented, you can't even buy aspirin without an Rx. In America, you can't buy morphine, but doctors will happily prescribe you fraudulently marketed OxyContin at 20x the price. To say they are overpaid isn't so much about the numbers, in fact some life-saving doctors don't even make as much as Homefool's pushers; rather, doctors are mispaid, because the amount they make has little to do with the value of the service they provide, and the public are forced to pay whether we want them or not.

We live in an era of lemon socialism, with Fed bankers and the medical industrial complex harvesting Americans like CAFO cattle. If a mugger gets away with $1, he is overpaid. If a dermatologist makes $1 million honestly, quoting prices up front, doing good work, and building up a reputation so that movie stars seek her out, she is not overpaid. The AMA represents less than 20% of doctors, but makes $ on billing codes that nobody can understand and that will be mandatory via Obamacare, so the AMA endorsed Obamacare. In doing that, the AMA abandoned the honest doctors, and cast its lot with the TARP/ZIRP/QE muggers. Muggers are, by definition, overpaid.

124   CL   2013 Feb 28, 6:30am  

Homeboy says

There seems to be an epidemic of missing the point in this thread. Shall we review?

I'm barely in this argument, but I mentioned that only because it seems like ball players are actually paid fairly. People think they live luxurious lifestyles, and sure, some do. But the ones that do don't do so for long, unless they invest wisely. Otherwise, it's a short career with lots of physical damage for an extremely elite group of folks.

I'd rather be an Executive than a ballplayer. Executives (and the Bush administration) tend to fail upwards. And they're knees are in better shape.

125   MMR   2013 Feb 28, 6:50am  

In recent years, I thought this was a good idea. But this is something I didn't even think about.

curious2 says

BTW house calls are often the best general medicine, because a doctor looking at your house and the people you live with can see many clues about what's wrong with you, which helps a lot in diagnosis and the best treatment might be to look in your kitchen and tell you which foods to stop buying and what to buy instead. Dr Oz and Matthew Roizen did a great TV series on this, they said they'd saved more lives visiting people's kitchens than operating on their hearts.

126   MMR   2013 Feb 28, 6:55am  

I may be incorrect about this but while traditionally, Emergency medicine docs didn't make the big bucks, they are doing significantly better nowadays. It's stressful, but a lot of people working in Emergency medicine like the work schedule. Many places, it is one week on/one week off.

On average, I think that ER docs are doing better than Psych docs. It is certainly more competitive to get an ER residency than a psych residency.

In places like New Jersey where there is a "shortage" of Psych docs, those guys are doing quite well by not taking insurance.

curious2 says

To say they are overpaid isn't so much about the numbers, in fact emergency doctors don't make nearly as much as Homefool's pushers; rather, doctors are mispaid, because the amount they make has little to do with the value of the service they provide, and the public are forced to pay whether we want them or not.

127   curious2   2013 Feb 28, 7:25am  

MMR says

On average, I think that ER docs are doing better than Psych docs. It is certainly more competitive to get an ER residency than a psych residency.

Thanks - I hadn't updated recently, and I see now that current numbers corroborate your opinion. This site shows current starting salaries for both critical care and psych around $200k, with psych being slightly lower:

http://www.profilesdatabase.com/resources/2011-2012-physician-salary-survey

So, I'll stop saying that emergency doctors make less than Homefool's pushers. It used to be true, but the numbers have apparently changed recently. I continue though to believe that Homefool's SSRI pushers are overpaid because we are all required to pay them even when they confer no value, e.g. the cost of his disproved SSRI coverage must be shifted onto all of us because he can't afford it on his own, nevermind that it does no good for anyone.

BTW, in terms of medical practice areas, you might want to consider sports medicine or even the military. The patients tend to be highly functional, they might need help with specific problems but they aren't generally self-destructive. I would worry about Lance Armstrong situations though, even at the teenage level kids are trying to bulk up with steroids etc. Otherwise much of current medicine consists of managing self-destructive people as profitably as possible: every complaint results in another test and every test results in another prescription, no time to listen, etc.

128   Homeboy   2013 Feb 28, 9:48am  

Rin says

You've already heard all the jazz about education in the above threads.

That's your argument? Lame.

129   Homeboy   2013 Feb 28, 9:55am  

CL says

I'm barely in this argument, but I mentioned that only because it seems like ball players are actually paid fairly.

Fair's got nothing to do with this, but since you brought it up, if you think $5 million a year (average NBA salary) is "fair" for someone to throw a ball around, but $200,000 (average doctor salary) isn't fair for someone to save lives, then you need to have your head examined. I would suggest seeing a doctor. ;)

CL says

People think they live luxurious lifestyles, and sure, some do. But the ones that do don't do so for long, unless they invest wisely. Otherwise, it's a short career with lots of physical damage for an extremely elite group of folks.

They make more money in a single year than most people make in their ENTIRE LIFE. Then, on top of that, they retire with a pension. If you can't survive on that amount of money, you're a complete fucking moron. What part of that don't you understand?

130   Homeboy   2013 Feb 28, 9:57am  

CaptainShuddup says

Quit saying Doctors earn their money.

The last time I checked we got a $1200 dollar bill just for the Doctor to tell us what we already knew and give my wife a glorified aspirin. He was in the room for a grand total of 10 minutes.

The doctor didn't MAKE $1200 in that 10 minutes. That's what the healthcare company BILLED you.

By the way, next year, when everyone gets insurance under ACA, it will probably cost you about $20 for the co-pay. Hmmm.... $20 or $1200. Which is better?

CaptainShuddup says

After a three hour wait in the split back gown.

Ugh - didn't need that visual.

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