To put it in context, when I finish all my training, I will owe over $600,000.
It's not the doctors being "paid absurd salaries" that makes medical care in this country expensive. It's lawyers - malpractice insurance can take upwards of 25+% of your income - and it's insurance companies, who have shareholders they are responsible to, and it's hospital administration, whose positions keep multiplying.
>To put it in context, when I finish all my training, I will owe over $600,000.
> It's not the doctors being "paid absurd salaries" that makes medical care in this country expensive. It's lawyers - malpractice insurance can take upwards of 25+% of your income - and it's insurance companies, who have shareholders they are responsible to, and it's hospital administration, whose positions keep multiplying.
It's a red herring. If you compare physician compensation in the UK to the US, the costs of medical education are made up within the first ten years. Yes, even after malpractice insurance. Hospital administrators are also wildly overpaid, but there just aren't as many of them. Physician compensation as compared to foreign doctors, which get the same or better results, is just too large a piece of the pie to brush under the rug by pointing at other problems.
In either Federally Qualified Health Centers [0], or other federal/military hospitals, the Federal Tort Claim Act [1] basically covers the malpractice insurance. There other programs that allow non-profit medical centers limited coverage under the FTCA.
[0] https://en.wikipedia.org/wiki/Federally_Qualified_Health_Cen...