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by jahewson 1376 days ago
A debt of 1 to 1.5 years salary does not go very far to explain why US doctors are paid double what they would be in other countries.

The US brought this problem upon itself by cutting medical school funding in the 1980s to reduce the number of doctors and keep salaries high. That situation remained until 2005. Now we have too few doctors, too few schools, and a generation that grabbed all the money for themselves and is now retiring.

1 comments

My understanding is that the largest portion of the discrepancy with other nations is the price of facilities. And that those facilities cost much more at non-profit hospitals (which is most of them). The hypothesis is that administration compensation is proportional to procedures performed, but money taken in can't be kept, so it is pumped back into facilities perpetuating the cycle.