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View Diary: Medicare also going over the "cliff" (108 comments)

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  •  Oh the horror! (0+ / 0-)

    I have to laugh. But it's not funny. Reminds me of Romney talking of the 47%. Those poor impoverished docs on food stamps.

    Shorthand they are 1%ers.

    How big is your personal carbon footprint?

    by ban nock on Tue Jan 01, 2013 at 04:44:45 AM PST

    [ Parent ]

    •  now for some whining (6+ / 0-)

      Most of us aren't close to the 1%. Most aren't in the 2% either. Our salaries start with a 1. "Average" salary statistics are very misleading here, with procedural specialists skewing the numbers. Look for median instead.

      We aren't poor. This is true. And every discussion of it seems whiny. I understand that. Now for some whining:

      We aren't nearly so rich as the general perception, however.

      Also, remember that there is a long period of education previously to getting paid.

      Undergraduate prior to medical school. Then four more years of medical school. And med school isn't like some other schools. In 3rd and 4th year, you are actually working (and paying to do so). Your attendance is mandatory and you will have to repeat your rotation if you miss time. Then 3 years of residency (4 or 5 for some specialties). Then potentially another 1-3 years for fellowship. Only some of these are in the lucrative procedural specialties.

      If I just paid off student loans and didn't spend any money on anything trivial like food or shelter, then it would have taken the first 7 years of my full time work to pay off the loans. And full time for a doc is not normal full time. If you count "on call" time, then the hourly wage was less than $10 an hour during my first five years.

      I would have made considerably more money doing something else.

      I still wouldn't go back and change my choice. It ain't based on the cash though.

      ________

      The majority of docs want single payer. Shown in repeated polling. We hate dealing with multiple different insurance companies and not knowing which treatments are covered. We hate having to beg insurance companies to cover things. We hate having to figure out whether something is covered or not rather than whether or not it is the best medical option.

      The plural of anecdote is not data.

      by Skipbidder on Tue Jan 01, 2013 at 11:36:53 AM PST

      [ Parent ]

    •  No, we're not (4+ / 0-)
      Recommended by:
      Skipbidder, Alden, Mr Robert, david78209

      I'm really getting sick and tired of people assuming that I'm rich because I'm a doctor. Between time spent doing research and volunteer work and additional advanced training (absolutely choices I made, but that were involved in getting into and paying for medical school, and now getting the required training in my field), I'm closing in on 40yrs old with a new baby, lots of expenses (inc student loan debt), and a shiny $50k/yr salary in one of the most expensive areas of the country. My car is 12yrs old.

      I'm not poor, no. But a 1%-er?? Neither I nor most of the other docs I know are anywhere near that category. Someone is getting rich on health care but for the most part it isn't the practitioners: it's the insurance and pharma companies.

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