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> They get to keep a greater portion of their income If only that greater portion wasn't immediately being eaten up by rapidly rising healthcare, college, etc. costs. Between premiums, copays, and non-covered stuff like compounded medications and dental, I spent $33k last year for a family of four on healthcare. The college I went to - $36k in 2001 - is now $60k/year. I'll take the higher taxes... |
Your inflated health care bills helped pay for the 280k average salary of physicians (source: https://www.medscape.com/slideshow/2018-compensation-overvie...), which is over 2x as high as Western european doctors' salary. You can thank the aggressive occupational licensing that the AMA engages in that prevents more potential doctors from joining the workforce and keeps salaries high. For instance: Western european doctors do not need a 4-year bachelors degree just to _enter_ medical school.
You are also sponsoring drug discovery. United States pays for the drug research, eats the high drug costs, and then Western Europe mooches off our R&D spending.
And guess what? Western Europe's free health care is not free: The 50% higher taxes in Western Europe are required to pay for all this.