Do doctors make too much money?

Answer 1

The cost of school and insurance for doctors is so high that they spend most of thier working life just paying off the debts they incurred while in school. In any buisness you have taxes, employees, employee benefits, and in the case of doctors, Malpractice insurance. These costs alone necessatate the need to charge more to make a living. If you check with the statistics, doctors are more likely to end up with stress related disorders and heart attacks than most other professions. HMO's do nothing to relieve the financial burdens because they charge less or flat rate fees that are not in line with buisness needs. Then , in order to make the financial quotas to meet demands, the doctors spend less time with the patients in order to see more patients and bring in more dollars to meet the budgets.

Doctors would rather doctor people and not have to worry about all of the fiscal matters at hand,so, they then have to hire CPA's and accountants to handle billing and payroll. Then they need collections people because half of the time the stupid insurance companies do not pay the amounts owed to the doctors. Which then leads to higher costs to make up for the shortfall.

It is the insurance companies that are ruining the healthcare system here in the U.S.. By paying less for services and denying claims more often as well as offering less coverage in the policies, it leaves the remainder of the burden on the patients and the doctors to figure out.

Answer 2

Well let's see. Student loans for a medical education can run around $60,000 and it's takes 4 years of med school and up to 5 additional years to complete a residency before you can start making some real money. Many doctors are on call almost 24 hours a day. The responsibility is enormous. Malpractice insurance costs an arm and a leg. We live in a litiginous environment. Some specialties have a relatively short life span. Medicaid/Medi-Cal pays crap. Specialists survive on referrals. No, I don't think they make too much money.

Answer 3

Do you make too much money? In a free economy, people make as much money as that economy will bear. There will always be a (very few) individuals that are "outliers" on the normal distribution of income, but generally speaking, people get paid what they are worth to society. If you have ten doctors in the same practice delivering the same level of service and each earning $300,000, and one other doctor delivering the same service for $600,000, the "overpaid" one will soon go out of business. The only societies where ANYONE gets overpaid or underpaid for whatever they do are the ones where the government control wages.

Answer 4

if it were not for government regulations, doctors would make more money and health care would cost less.

Doctors (and everyone else) should make as much money as the "market" allows them too. The amount of money an individual earns is based on the demand for his/her services and should not be hampered by artificial forces like the government.

Answer 5

I work for a doctor, times are tough, doctors don't nearly as much as most think they do. With the cost of malpractice insurance and this insurance that insurance and this fee and that fee they have to pay, they really don't make that much considering the life saving decisions they have to make daily basis. I think most don't paid enough. Look at lawyers they get paid more for screwing you. ha

Answer 6

When you deduct skyrocketing malpractice insurance, many of them are struggling to survive. Many doctors in rural areas are leaving as a result.

Only the ones who work in hospitals, where the malpractice insurance is paid collectively, probably maintain a high standard of living.

Answer 7

Based upon the service they provide and the time and money that goes into their training, no, they do not make too much money.

Answer 8

I am a LPN and let me tell you it's not enough money!!! Doctors put up with a lot of crap also, and hey if you spend all that time in school and are good at what you do? why not make it!!

Answer 9

There is no amount of money that will make me work with people day after day, that comes with potentially lethal (and communicative) diseases.

There is no amount of money that will make me risk my sanity by potentially making a mistake and killing the patient.

There is no amount of money that will make me cut into a person not knowing a slightest mistake will cause me to catch the same disease he/she has.

Answer 10

No, I don't believe that they do. After all, in performing their job, the lives of their patients are literally in their hands.

My wife is a nurse and works her butt off. She is also directly responsible for the health of her patients. I think that nurses should be paid more than they are.