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pstuart

Well, the AMA does constrain the number of doctors in the US so that supply and demand part is on them.

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Talk to any doctor about the priorities of the MBA-holding decision-makers at their hospitals.

When each one accuses someone else of gouging us, assume that they're all gouging us.

Doctors are paid the same as software engineers for a job that is like 10x as hard.

MBA hospital administrators have greed as their official main job responsibility.

On average they seem seem to be paid quite a bit more (at least by 2x?).

Research shows that nurses have outcomes comparable to do those of doctors. It's not 10x as hard as SWE, don't buy into that. Plus, thats irrelevant, doctors supply is limited artificially and for no good reasons. The main culprit of high costs are is the insurance companies greed, but doctors are far from being blameless.

> Doctors are paid the same as software engineers

The average physician salary in 2023 is $352K. I wouldn't say that.

Are salaries the only source of income that they derive from the medical industry? My doctor is a part owner of his provider network which also is the insurer.

Don't even start me on diagnostic imaging.

The big DI manufacturers have consulting arms that will help physicians with financing to buy CTs, MRI, PET, that will help them obtain Certificates of Need.

And having a hard time finding it now, but physicians who own a share in a DI lab tend to refer their patients for imaging far more generously than those who don't...

Doctors don't work for hospitals.

Go and talk to a doctor about the upcoming reimbursement cuts by Medicare - 3.36% this upcoming fiscal year.

Then compare how much Medicare compensates doctors compared to compensation in other countries.

Quite many countries limit the supply of doctors with less expensive health schemes.

In the UK the government both limits the supply of doctors and manages a fairly cheap National Health Service. How? It is rationed by queuing and achieves poor medical outcomes.

I don't think any country has a healthcare system privatized to a higher degree than Switzerland? Yet they still manage to spend quite a bit less per capita than the US.

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