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They are responsible for seeing any patient who walks in the door regardless of what a patient has and regardless of their ability to pay.
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According to information given to me by a UPS representative on May 13, 2005, UPS drivers require no specialized education. It takes about 18 years for a doctor to approximately equal the lifetime earnings of a UPS driver working full-time. It takes about 27 years for a doctor to approximately equal the lifetime earnings of a UPS driver working as many hours as I did to become a doctor, then practice medicine. I calculated this comparison using a four-year residency program during years 9 through 12.
Doctors do not earn their average salary the first year they begin working as an attending (year 13 in this example). Because of their schooling, the earning years for doctors are compressed into a shorter period of time, thus increasing their income tax rates relative to UPS drivers.
Students often receive money from relatives and sometimes family friends because they are needy students.
The burnout rate for doctors in some specialties is so high that doctors may quit well before age 65. UPS drivers typically do not seem to be as wealthy as doctors because, like just about everyone else, they usually begin spending money as soon as they make it. If you are still debating about the financial wisdom of forgoing a doctor's smock for the seemingly plebeian brown UPS uniforms, consider this: Like many other workers, UPS drivers receive a raft of benefits. If you don't mind doing real work and can tolerate cold weather, you could earn $30,000 to $60,000 working two months of the year as an ice road trucker in northern Canada. Heavy equipment operators in Alberta, Canada can make $200,000 per year working 12-hour shifts with four days on and five days off.
I expanded on this topic in a LinkedIn article ($70,000 per year, start now) in which I gave concrete examples of how people can earn hundreds of thousands of dollars per year doing work that's much easier to get than a UPS job. In the 40,000 hours it takes training to become a licensed doctor, a longshoreman working a comparable number of hours could make about $3 million plus healthcare plus pension worth another fortune—all while doctors are acquiring a mountain of debt without a penny of net income!
On December 3, 2013, Chuck Reed, Mayor of San Jose, California, said their yearly cost for a police officer is $200,000, much of which is retirement benefits since their salaries top out around $100,000. The person who sells hot dogs in front of my local Home Depot store makes $75,000 per year working part-time.
General Motors created Delphi when it split off its partsmaking operations to reduce its labor cost, but the wages and benefits there still add up to $76 per hour of labor, according to Jerry Flint's column in the May 22, 2006 issue of Forbes. A few years ago, a local hospital advertised jobs for RNs paying up to $4200 per week, or $218,400 per year. During an episode of CBS's 48 Hours, they incidentally reported a few years ago that an electrologist earned $100 per hour ($208,000 per year for a 40-hour week).
A home improvement television program mentioned that they paid $5000 to have 8 trees removed, which the contractor completed in less than a day.
According to ABC News and FOX News, Sergeant Drew Peterson, the 53-year-old who is a suspect in his fourth wife's disappearance and his third wife's death, is eligible for a $6,000 per month police pension.
After 30 years of service, an Air Force lieutenant colonel receives a pension worth $72,288 per year. Flavorists (who increase the palatability of the junk that processed food companies feed us) make up to $100,000 per year. Airplane repossession men can earn up to $90,000 per plane, or up to $23,400,000 per year working 5 days per week and just one plane per day. An episode of the TV series Buying Alaska featured bush pilot Wes Head and his wife Angela. A group of online psychics charge $3 to $4 per minute; that's $180 to $240 per hour, or (for a 40-hour workweek) $374,400 to $499,200 per year. A 31-year-old financial advisor and his stay-at-home wife featured on an episode of ABC's Wife Swap had a $700,000 home paid off. One of my friends recently hired an exercise equipment technician to replace the belt on her treadmill. Here's a web developer who charges $100 per hour—that's $208,000 per year working just 40 hours per week.
The November 26, 2007 issue of Forbes reported that sports psychologist Bob Rotella charges thousands of dollars per session.
If you are still masochistic enough to voluntarily spend what should be the best years of your life with your nose stuck in a book so that you can become a professional, consider a career in dentistry instead of medicine.
I called a mechanic offering on-site service and asked how much he'd charge to change the transmission fluid in my tractor and replace its starter. Albert Einstein was quoted as saying, "If I would be a young man again, I would not try to become a scientist or a scholar or a teacher.
So Einstein craves independence, and I, as a doctor, don't care how much I make as long as the pay isn't insultingly low. Thus what I did was financially stupid: risking everything I had and would later earn to save the life of a young inner-city male. You are clearly intelligent enough to appreciate the lost opportunity costs and the financial burden of loans, but many people just don't get it. UPDATE: Medicine just became a much more desirable profession, thanks to the economic crash that devastated our economy in 2008. A DOCTOR was paid ?19,000 by an NHS board for a week of work – as hospitals across the country struggle with staff shortages. But many other physicians are not as satisfied - a recent study by Medscape revealed that 49% of doctors believe they're not fairly compensated. I was the on-call plastic surgery resident one night when a 42-year-old man - let’s call him Dave - was brought into the hospital at 3 a.m.
Quite possibly no other occupation in the country receives such attention regarding the income its members receive. The Medscape survey found the average physician compensation now ranges from a high of $315,000 for orthopedic surgeons to a low of $156,000 for pediatricians. Consider that physicians must complete at least four years of college, four years of medical school, and between three to eight years of residency training prior to becoming a real, practicing doctor. According to the Bureau of Labor Statistics, the average computer and information system manager earns $125,660 per year.
When you consider these numbers, the thought of pediatricians making $156,000 a year doesn’t seem unreasonable.
The fact of the matter as some have pointed out is that most people don't realize how much in fees doctors have to pay after receiving their salaries. Now take into account fees for a physician practice, since private practice is so prevalent, employee compensations.
Finally, if you still skip all reasons (which I've listed above) and still think physicians earn too much. Being someone who got ran over by an old lady in an SUV, I can say that I had a 1 percent chance. When I began my residency program, my father (who was a physician board certified in three areas of medicine) warned me that I would earn every dime I made. Twenty years later and fifteen years into the practice of medicine, I spent the entire night next to the bed of a critically ill obstetrical patient who went into disseminated intravascular coagulation after a severe postpartum hemorrhage. Doctors can have much longer careers than professional athletes and most investment bankers make about 100K per year.
Furthermore, once this was determined, how do you value this so that it can be compared to salary? I have repeatedly had to go from doctor to doctor and sometimes emergency rooms for stuff a doctor wouldn't treat, even though it was treatable.
I've not a poor doctor yet, though I did meet one once who was temporarily on food stamps after she made a suicide attempt. At times, physicians have been regarded as amoung the greediest and most overpaid professionals. I must say that I find this particularly funny, especially with you getting pulled over in your Santa Fe. If doctors are overpaid, then football players, basketball players, baseball players, etc are definitely overpaid.
Oh, and I'd rather their salaries were reversed, doctors should be making the millions that athletes make, and athletes should be making the pennies in comparison that doctors make. Before you write verbal diarrhea into this comment thread, make sure your comment is actually understandable. Physician pay makes up 7.4% of the medical dollar in the USA, using latest available data from CMS and MGMA.
Despite the constant insistence otherwise in the press, physician pay is not a driver of high medical costs. If we compared the amount doctors get paid by asking patients what they believe their life was worth, I'm positive that every single person would agree that doctors are UNDER paid!!



Yeah, I went to school for 7 years too to get the degree to do what I'd dreamed of my entire life.
I could not take care of my children for an entire year because of repeated surgeries and constant physical therapy and massive pain. The doctor got paid, not only by the insurance company but also the enormous sum that was billed to me by him and the hospital for ruining my life.
Judging by associated medical conditions (those you mentioned, those implied), I would find most health care systems and insurance companies to consider you a huge liability and drain on resources. The fact that you have so many problems with so many different doctors raises many red flags. Also, I will never believe that a person who got injured this much could simply sit in hard plastic chair. You fail to mention that Residents are paid, usually more than most people, even with college degrees, could hope to make. However, I will demonstrate how people in seemingly much less lucrative jobs can outearn doctors. News & World Report said that UPS drivers earn $60,000 per year (my UPS driver said that he earns $85,000 per year circa 2009). We will begin looking at total net income for physicians at year 8, once they graduate from medical school with an average debt around $100,000.
Since this complicates the analysis, ignore or discount what I wrote about UPS drivers and substitute the equivalent and often much greater income for the occupational alternatives I presented below and in a LinkedIn article: $70,000 per year, start now (that article's title is intentionally understated). This interest often leaves doctors with more than their original debt at the end of their residency years. Some residency programs are shorter, but many are longer (thus keeping doctors relatively impoverished for a longer time). Translation: Even if the doctor earns the same total amount of money as a UPS driver, the doc's tax rate will be higher, leaving him with less after-tax income.
Many doctors receive nothing but salary (that was the case for almost every job I had as a physician). In the December, 2004 Time Inside Business, Bill Zollars, chairman and CEO of Yellow Roadway, the largest trucking firm in the United States, said that his average driver makes $70,000 per year in addition to good benefits. On February 18, 2004, Paul Harvey reported that auto mechanics willing to move to in-demand areas can earn up to $120,000 per year, with employers eager to hire them offering inducements such as paying for their tools and education (some technicians earn two-year certificates or degrees in auto repair, while other receive only high school-level training).
One of my friends, a well-to-do pharmaceutical representative, grumbled how he made less money than his uneducated brother-in-law who worked six months of the year building basements, netting him over $350,000 (adjusted for interim inflation in 2009 dollars). According to Forbes magazine (March 15, 2004), Oneida's workers in New York average $30 per hour with benefits. Genital teaching associates make up to $120 per hour for helping medical students learn to perform genital and rectal exams (Details magazine, September, 2004). Even unskilled laborers mining those oil sands can take home $80,000 per year, according to the March, 2007 issue of Popular Mechanics magazine. NOTE TO THOSE WHO WRITE TO ME COMPLAINING THAT SOME DOCTORS CAN EVENTUALLY EARN MORE THAN UPS DRIVERS: That was just one of the many examples I posted over the years. Since it is much easier to become (and be) a longshoreman than a doctor, I could have compared longshoreman-versus-doctor income instead of UPS driver-versus-doctor income. Bottom line: the average doctor will never catch up, thus proving my point that if money is your goal, you have better options than medical careers. My brother added that Ron always took a book to work with him, because he averaged less than 3 hours of work per week. Oregon requires that electrologists attend a technical school in which they obtain 235 hours of theory and at least 365 hours of practical experience. If he did only one such job per week (taking the other 6 days to rest and count his money), he could still bring in $260,000 per year. I'm friends with a retired Air Force lieutenant colonel, who might easily live 30 or more years after her retirement. Let's all drink Boone's Farm and send the money we'll save to charity, leaving the master sommeliers time to do something more useful. If she worked as many hours per week as I did to become a doctor, she could earn $572,000 per year.
Thus, it is obviously more lucrative helping professional athletes not to choke than helping people not to die, as I've done in the ER. If a crane operator worked as many hours in his lifetime as the average doctor does in training and thereafter, he could easily make well over $400,000 per year. The education and training are somewhat shorter and less demanding, the stress is less (as an ER doctor, I had thousands of critically ill and injured patients per year, not thousands of cavities per year that needed filling), and the pay is surprisingly lucrative. When a doctor is outearned by UPS drivers, Yellow Roadway drivers, ice road truckers, heavy equipment operators, auto mechanics, tractor mechanics, autoworkers, hot dog vendors, electrologists, part-time basement contractors, part-time tree-removal contractors, personal trainers, life coaches, lawn mowers, ad copywriters, chefs, dentists, crane operators, genital teaching associates, and even strippers … well, that's an insult. One of my former bosses, the most financially astute doctor I've known, said most physicians don't know how to manage money and often make mistakes such as becoming house poor. I didn't know anything about him, but statistically most young black men his age aren't wealthy enough to give money to docs who save their lives, so there was no possible financial benefit for me (I couldn't bill him), but there was enormous potential liability. Time pressure is one of the most onerous forms of stress, and for UPS drivers, that pressure is unrelenting. In spite of the many examples I cited and the others I could mention, I still have students and others writing to me trying to dispute my overall message. Doctors generally make less than what people presume, but high medical bills are no figment of your imagination. He is the author of “In Stitches,” a humorous memoir about growing up Asian American and becoming a doctor.
Peterson in the ER, where we spent the next three hours assessing Dave’s injuries and repairing his lacerations. And that’s not a new trend - more than 70% of respondents of a survey published in the 1985 American Journal of Public Health believed doctors were overpaid.
Many physicians don’t start earning “doctor-level” salaries until they are well into their 30s. They often see 50 patients per day, answer our calls at all hours, and keep our kids healthy.
First of all, a significant portion is taken off from taxes (lets just assume 25% as the average, which is quite a reasonable assumption).
But compare to $100-400 per hour paid lawyers that is absolutely unfair amount which is true. Doctors in Kenya for instance are paid 12500 USD per year for their endless days and sleepless nights.
Though this may not make sense, this is why many docs have posted here that it happens all the time. When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. They like patients who are stupid and do whatever they are told and spend what ever is asked.
Let's not forget the 200K loans in tuition that is paid because of medical school and that is NOT including undergrad tuition and the interests rate that come along with it. For example, who would think that a UPS driver or auto mechanic could earn more than a doctor? The average physician income is usually quoted as being $160,000 to $200,000 per year, so it may seem preposterous to claim that UPS drivers can earn more than doctors. In contrast, a would-be doctor requires many years of education for which he is paid nothing. Students may make small amounts of money while in college, but this (and much more) is immediately spent on tuition, fees, books, supplies, and other college expenses. Thus, while they may make $160,000 (total) during a four-year residency, they may leave it with $130,000 of debt. Furthermore, many students take longer than eight years to complete college and medical school—and those are the lucky ones who make it. I began working for less than half (even adjusting for inflation) what I would ultimately earn as my peak income five years later.
Few young doctors have that kind of money, so they usually must borrow it—further increasing their debt. This money is rarely reported to the government or included in statistical analyses, so the educational cost is actually higher than you may think. If a UPS driver scrimped as I did, he could invest most of his salary, reaping the benefits of many years of compound interest. As an independent contractor, I received no health insurance, dental insurance, optical insurance, unemployment insurance, life insurance, sick pay, overtime pay, personal days, workers' compensation benefits, or pension. Furthermore, he usually arranged his deals so he was paid in cash, which enabled him to hide most of his income from the IRS.
An advertising copywriter reported in Newsweek magazine that he made up to $100 per hour for inducing people to buy things they did not need. She claims to have read a book on this subject and taken an online course that anyone with a credit card could sign up for.
With certain careers, such as this one that requires no experience, you could make considerably more than physicians and you can rake in piles of cash when you're still young enough to enjoy it! If you do the math, you'll quickly realize that an average longshoreman will earn much more than an average doctor, receive better benefits and pension, and do it all by working considerably fewer hours and much less education, responsibility, and stress.
The rest of the time, he would sit and read, or have a friend punch him in and out on the time clock so he could go home several hours early.


In that time, she would receive over $2.16 million, not factoring in cost of living adjustments. I heard an ad by a maritime academy that said their graduates can make $120,000 per year to start. Granted, it takes some finesse to be a good crane operator, but it takes exponentially more aptitude, devotion, sacrifice, education, and training to become a good physician—or even a third-rate one, for that matter! According to The Wall Street Journal (January 10, 2005), in 2000 general dentists averaged $166,460, more than internal medicine doctors ($164,100), psychiatrists ($145,700), family practitioners ($144,700), or pediatricians ($137,800).
I did that and more, such as one night leaving the ER (and my malpractice insurance coverage) to take over a code being botched by the residents. Some of those folks seem angry at me for bursting their bubble of delusion that becoming a doctor is financially akin to winning the lottery. I needn't remind you that things are bad now, and almost certain to get much worse (if you doubt that, read this). A kind, competent physician, his new, fledgling practice consisted of reconstructive surgery. One-quarter of critical care physicians spend more than 65 hours per week with their patients, not including time doing paperwork. Medicine is also the only profession where its members are required to sometimes work for free.
However, by the time insurance companies whittle away at the benefits allowed doctors make only a fraction. Then, take in consideration of disability insurance, life insurance, health and dental insurances, malpractice insurance, and paying off $100,000 to $300,000 in student loans, that takes a significant portion. So from what little time they have, I think they deserve to have ample spending capacity as compensation.
By some grace of god my trauma sergeon just felt like he couldent let me die knowing I had two young kids. It is capitalist system core engine workings that structured peoples pay unequally so the slavery system must be running flawlessly so the few professions in the middle earning unfair huge amounts. It is this same country that pays its Members of Parliament in excess of 130000USD yet most of them are grossly academically underqualified,morally corrupt and perpetually lazy.
The misrepresentation of the medical profession makes it almost embarrassing to call oneself an MD.
I stepped into a deep but narrow hole that wasn't visible in the high grass where I was walking.
They took me back finally and ran me through a series of tests before a doctor ever saw me. Now I work in customer service making $11 an hour and live in a rental house with a car payment I can barley afford while the doc who ruined my life rides off into the sunset in his Lexus to his fancy home and his boat. There's no power to be had over an educated patient who wants to partner in their health care.
Most students who try to become doctors never succeed, thus incurring debt for a career that never materializes. To make this a fair comparison for income potential, we should consider what a UPS driver could make if he worked two shifts (or another job) for years 1 through 12, then a half-time job in addition to his primary UPS job.
Furthermore, I didn't just pay the usual Social Security contribution; I also paid the portion normally contributed by the employer. Forbes (June 9, 2003) magazine said that a celebrity chef can make $150,000 per year (some undoubtedly make much more than that) for, I might scornfully add, helping people clog their arteries.
You'll work overtime to make $300K in this job, but all doctors work years of overtime in their training, and often throughout their careers. When you consider everything, it is clear that you could make far more money selling hot dogs if you devoted the same time to that occupation as you did a medical career. Furthermore, when autoworkers lose their jobs, they are paid handsomely, receiving over $108,000 per worker just to walk out the door (Forbes, October 16, 2006).
If she implemented all my health tips, she might live long enough to collect over $3 million. Furthermore, the incomes of dentists are skyrocketing past inflation, while doctors' pay is stagnating or even falling. I wasn't sued because I saved the patient's life, but inpatient codes fail 85% of the time.
Peterson and I performed an eight-hour operation, reconstructing his broken facial bones and performing a muscle transfer to help heal his fractured legs. The New York Times recently reported the average base pay for managing directors at Morgan Stanley is $400,000. It's hard to quantify exactly how many life-years we gain by having a person interact with a medical specialist (as opposed to allowing a primary care physician struggle to treat a patient without the option of surgery, imaging interpretation expertise, pathology, or specialist consultation- but I suspect the difference in life-years would be immense. A doctor could never truly be paid enough for quality care rendered, but that is quite alright, this is why we say medicine is not as much a career as it is a calling. And I think that a LOT of physicians go into it, not out of a desire to help and heal, but out of a desire for power, prestige and money.
So UPS drivers are being paid while those who aspire to become doctors are paying for the privilege of pursuing their dream. Therefore, after 12 years such a UPS driver who worked as many hours as I did could have made $1,440,000. If I were smarter, I would have hired people to work for me, paid them $20 per hour, and kept the rest as profit. According to the February 12, 2007 issue of Forbes, an experienced watchmaker can earn well over $110,000. Perhaps there are life coaches who truly are worth more than doctors who save people's lives (ahem!), but every person I've met who wanted to be a life coach was a woman with a screwed-up life that could serve only as an example of what not to emulate.
FOX News also reported that the average Christmas bonus in 2007 for all Goldman Sachs employees, including secretaries, mail room clerks, and even janitors, is a whopping $660,000.
Had he worked as many hours per week as I did to become a doctor, he would make $880,000 per year. I've used a lot of ink warning students in the past about the drawbacks of a medical career, and all of those reasons were quite valid. For the next two months, we visited Dave in the hospital each and every day, changing his bandages and making sure he healed properly. Who wants to spend 12-15 years in excruciatingly difficult training only to have insurance companies dictate and slash away at your income? We’re actually probably one of the higher paying specialties when hours worked are considered. After 18 years, the total income would be $1,980,000, easily surpassing the total doctor income. I could also build more of my inventions that increase the efficiency of lawn mowing, thus decreasing the time required to mow a yard.
Other than a credit card and a pulse, the most essential prerequisites for becoming a life coach are an immense ego and endless chutzpah.
Furthermore, you should consider the attrition rate: Most people who invest time and money trying to become doctors never make it.
Hmm, let's see: draining and refilling the transmission fluid and putting in the three bolts that hold the starter on is (in his mind) worth several times more than I ever earned in the ER for saving people's lives?
The cons are still there, but the list of pros just mushroomed in importance thanks to the inherent job security in most medical careers.
I finally got a 2nd opinion after 6 weeks and 4 sets of xrays and found out the awful truth.
I make an average residents salary - just under $9 an hour (accounting for in hospital hours only). Customers pay for getting their lawns mowed, not for how many hours you waste on mowing with antiquated technology. In the ER, I made half that for saving lives and working much longer weeks after an incomparably longer and more intensive education. An episode of CNN’s This is Life with Lisa Ling included a stripper who earned up to $3000 per evening, which is likely about $500 per hour.
If she worked as many hours per year as I did to become a doctor, she could make $2.86 MILLION per year! Here's something else to consider: if you are bright enough to quickly learn computer programming, you can begin working before you graduate from high school, but no matter how smart you are, you won't get your own prescription pad or scalpel until you spend a significant fraction of your life in training. Some strippers gripe about how hard their job is, but learning anatomy is more arduous than revealing it. If it hadn't been for my dog jumping all over me, I would never have awakened and my kids would be without a mother.
Incidentally, I live near what used to be an upscale tourist town where businesses are now (in 2010) dying faster than flies in a blizzard, so I presumed that the poor local economy would make mechanics willing to work for less than princely wages. I wanted him to help me lose weight and he'd just tell me to exercise but never with any ideas of how to do that with as much physical damage as I have.



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