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You can't even spell definitely and you feel entitled cast aspersions upon my intelligence. Nice. Not even sure how or why I am supposed to be gullible. And, btw, if I'm so ignorant and you're so smart...how come you're not rich?
There's definitely a troll here, but it is not the op.
Awwww did I hurt your feeewings about the Rudy Guilliano/Guilliana/Guilliiolio thing? Ok buddy you can become my permanint spell checker on here now (did you find the typo?). Don't worry it doesn't pay anything so it won't interfere with your gubimint check you collect every two weeks
I think most people would assume that the majority of the wealth came from investments and not earned income.
Well I know personally that specialist can make over a million a year in income, that is not the average and it is certainly at the upper end of the scale, but there is a percentage that do. It depends on location, specialty and whether you are in a partnership.
Actually I can see why you would think that, but the market is artificially small. It is not a free market with open competition it is a closed market. Did you know in the last 20 years there has been 3 times as many law schools opened as Med schools. The Doctors and Medical associations have worked hard to limit the number of doctors that graduate from med school, they limit the supply of doctors to raise the cost for their services.
Almost all doctors that graduate from med school have a job waiting for them. Name me another profession that can say that. It is not capitalism or a market driven system.
Add to that the fact that most people, even if there was a price difference would not shop by price, why because their insurance company pays for it.
Doctors who accept Medicare, Medicaid and managed care plans spend more to provide the service than they are reimbursed. The only way they make a profit is by volume.
Actually I can see why you would think that, but the market is artificially small. It is not a free market with open competition it is a closed market. Did you know in the last 20 years there has been 3 times as many law schools opened as Med schools. The Doctors and Medical associations have worked hard to limit the number of doctors that graduate from med school, they limit the supply of doctors to raise the cost for their services.
Almost all doctors that graduate from med school have a job waiting for them. Name me another profession that can say that. It is not capitalism or a market driven system.
Add to that the fact that most people, even if there was a price difference would not shop by price, why because their insurance company pays for it.
Just like De Boer's with diamonds...
Sort of right. Med school spots are roughly keyed to residency positions which are federally funded. You also trade a good decade of your life for slave wages, crappy conditions, a ton of school loan debt (especially if you do peds).
It's to prevent oversupply. Physicians' fees have actually been cut by medicare in recent years. There's a huge uncoupling between doctor supply and price. And price is different depending on what your insurer has contracted.
However- there's a ton of law schools now, which hasn't dropped the price of legal services. With scores on unemployed T-14 law grads you'd think no one would still charge $500/hr with the glut- but they do.
Well I know personally that specialist can make over a million a year in income, that is not the average and it is certainly at the upper end of the scale, but there is a percentage that do. It depends on location, specialty and whether you are in a partnership.
The average net worth of a doctor at the age of 47 years is about $800k. THE NET WORTH. That is diddlysquat. Loans and starting out working in their 30s has a lot to do with it.
Some save more or are in more lucrative specialties. But to say physicians across the board are rich is ignorant and uninformed.
I don't know why you assume I watch Fox News. I know many doctors who have diversified and are very wealthy.
Well then you are proof positive that our system is absolutely broke and skewed towards the top and screwing the people it is supposed to be there to help.
If it is so common place and easy for doctor's to become millionaires then I find it literally sickening that Republicans would take the stand they have taken on health care. Shift more of the burden towards the people most in need in order to protect the profiteering of the health care companies, and as you indicate the many multi-millionaire doctors. Yet the Republicans will fight to the death a 3% increase in anything that comes out of these peoples pockets, but will w/o hesitation slap a 30% increase onto the people whom cannot even afford healthcare to begin with...WOW!
I am finding it harder and harder everyday to understand how Republicans can lives with themselves, just sad!
Doctors who accept Medicare, Medicaid and managed care plans spend more to provide the service than they are reimbursed. The only way they make a profit is by volume.
That is a Canard. Most doctors are independent contractors and don't spend anything on the services that they provide. The nurses and the facilites are usually paid for by a hospital or clinic which is part of a hospital.
There reimbursement is lower so the only way that you can say that they lose money is on opportunity costs.That is the moeny that they would have made by not seeing a medicare patient and seeing someone who pays out of pocket or has good insurance. This is frequently what they are referring to, but they intentionally mislead, which of course worked on you.
The average net worth of a doctor at the age of 47 years is about $800k. THE NET WORTH. That is diddlysquat. Loans and starting out working in their 30s has a lot to do with it.
Some save more or are in more lucrative specialties. But to say physicians across the board are rich is ignorant and uninformed.
cite please. I know doctors that make more than that in one year, but they are in a specialty. GP's make significantly less.
The average net worth of a doctor at the age of 47 years is about $800k. THE NET WORTH. That is diddlysquat. Loans and starting out working in their 30s has a lot to do with it.
Some save more or are in more lucrative specialties. But to say physicians across the board are rich is ignorant and uninformed.
I would agree. Most graduate with $200k+ in loans. Like having a mortgage without having the house.
That $800k is usually tied up in their house by 47 also.
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