Average cost of physician visit 1970s: $7.98 office visit compared to $166 now (wages, Missouri)

[lovecrowds]

1970-1979 - Prices and Wages by Decade - Library Guides at University of Missouri Libraries

https://meps.ahrq.gov/data_files/pub.../stat484.shtml

$7.98 in 1971

It would be around $49 in today's dollars but still.

compared to

$166 now

Of course on a typical visit about 85 percent is covered by insurance and the consumer only pays 15% of it.

Wouldn't be surprised if the average co-pay after insurance is more than that.

Average cost of a public university was

[TonyNC]

Originally Posted by lovecrowds

1970-1979 - Prices and Wages by Decade - Library Guides at University of Missouri Libraries

https://meps.ahrq.gov/data_files/pub.../stat484.shtml

$7.98 in 1971

It would be around $49 in today's dollars but still.

compared to

$166 now

Of course on a typical visit about 85 percent is covered by insurance and the consumer only pays 15% of it.

Wouldn't be surprised if the average co-pay after insurance is more than that.

Average cost of a public university was

Doctors need raises!

[phantompilot]

Medicare only pays $49 for that visit, btw. Which is why Medicare for all doesn't work, can never work.Everyone is already subsidizing it because they underpay.

[lovecrowds]

Originally Posted by TonyNC

Doctors need raises!

Median wage for a physician according to the BLS was $607 a week.

Which would be about $1450 a week in today's dollars.

Nurses these days online are showing off paychecks of $9,900 per week.

The median wage was about $75,000 in today's dollars.

https://nurse.org/articles/highest-p...in-california/

Now, nurses are showing $19,954 per 2 weeks per stubs.

[North Beach Person]

Originally Posted by lovecrowds

Median wage for a physician according to the BLS was $607 a week.

Which would be about $1450 a week in today's dollars.

Nurses these days online are showing off paychecks of $9,900 per week.

The median wage was about $75,000 in today's dollars.

https://nurse.org/articles/highest-p...in-california/

Now, nurses are showing $19,954 per 2 weeks per stubs.

Nurses making $500K/year?

One of the things that has changed, in most types of medical offices, is the number of people employed just to handle insurance. Fifty years ago? Maybe, just maybe, one. Now? Pick a number.

One reason is that health insurance back then meant catastrophic coverage not wellness care. Another reason is back then the patient was responsible for knowing what his policy covered and filing the paperwork.

I had employer coverage back then in the mid to late 70s which I never bothered using because the paperwork was just too much of a pain in the ass to do. That included when I was injured at work.

[msgsing]

And I made about 8,000 a year as a freshly minted college grad in the early 70’s.

[TonyNC]

Originally Posted by lovecrowds

Median wage for a physician according to the BLS was $607 a week.

Which would be about $1450 a week in today's dollars.

Nurses these days online are showing off paychecks of $9,900 per week.

The median wage was about $75,000 in today's dollars.

https://nurse.org/articles/highest-p...in-california/

Now, nurses are showing $19,954 per 2 weeks per stubs.

Damn, my mother was an RN - she’d be rolling over in her grave if she saw this...

[lovecrowds]

Originally Posted by TonyNC

Damn, my mother was an RN - she’d be rolling over in her grave if she saw this...

https://www.bls.gov/opub/mlr/1986/09/rpt1full.pdf

Looks like in 1985 that the median wage of a nurse was $434 a week

$1002 a week in today's dollars.

Nurses and physicians make an incredible compared to historic averages.

[North Beach Person]

Originally Posted by lovecrowds

https://www.bls.gov/opub/mlr/1986/09/rpt1full.pdf

Looks like in 1985 that the median wage of a nurse was $434 a week

$1002 a week in today's dollars.

Nurses and physicians make an incredible compared to historic averages.

You think $52/K a year is "incredible" in relation to the responsibility and education necessary?

[crone]

Those numbers for nurses are not the norm. I have seen that post. It was working 2 shifts a day for a month. or some such.

IMO, most of the money goes to insurance executives. I have said before the owner of a very small regional company that i was friend with 10 years ago was paying his wife $45,000 a month. He also bought her 2 million dollar house that backed to his. He kept the kids so no child support.

They sold life and health insurance to low income people.