As a result, the regular mention of their long hours generally just makes me angry at them rather than grateful to them, but I guess I'm in the minority.
As a result, the regular mention of their long hours generally just makes me angry at them rather than grateful to them, but I guess I'm in the minority.
Again, this isn't my wheelhouse at all. I'm just repeating something I hear often when this topic comes up.
https://www.benwhite.com/medicine/the-private-equity-model-i...
Now with surgery? Again there’s some capitalism but also surgery is hard. Extremely hard. Here’s a link to a common surgery for orthopedics for example. They have to memorize these procedure steps and be very quick. Time on the table for the patient matters for money and for anesthesia (more dangerous for longer GA cases).
https://www.orthobullets.com/knee-and-sports/12234/acl-recon...
Anyways you can be mad about moats and artificial supply constraints for things like dermatology but for surgery and family practice? Not really.
Another factor is geography. Can you imagine doing 12-14 years of school and low paid training, have 250-500k in debt and then move out to a rural area to practice? Many doctors don’t want to do that, so the ones that do are paid well but are usually extremely busy.
Anyways, there’s just a lot of factors that limit supply, it’s not the nefarious doctors union trying to squeeze every last drop.
The world of human disease places some limitations on what can be done. Many people either do not have the grit or the stomach to become doctors (I could easily learn the theory, but I couldn't cope with all the blood, pus, vomit and frequent feeling of helplessness). People develop critical problems at 2 am. A doctor should know their patients and vice versa; they aren't fungible and ping-ponging a sick person between shifts tends to worsen the outcomes.
There's at least 10x more people that want to be doctors than get to be doctors.