The Richest Doctors? Guess!
Medscape recently published information about physician salaries and who makes the most. No surprise, much, that oncologists, radiologists, etc came out on top of the pile.
Here's the article =
I find this disturbing.
Comments
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This is what I found when I went and looked at your link ...
"In 2012, radiologists and orthopedic surgeons topped the list at $315,000, followed by cardiologists ($314,000), anesthesiologists ($309,000), and urologists ($309,000)."
The information seems to be based on a rather small survey but is still interesting reading. I didn't find any of the information particularly disturbing. Actually I am a little surprised that the earnings aren't higher.
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not surprised by this at all.....docs have always been some of the top wage earners...and they believe that they are entitled to it!!!!
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I have no issue with their salary considering how many years and the cost to go through medical school - plus a specialty area. Time invested in interships and some paying back student loans. Rather them then the big Insurance CEOs getting outrageous salaries and bonuses while denying patients healthcare!
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My sister, an RN at a big hospital, considers orthopedic surgeons the most arrogant and oncologists the most humble. They both may make a lot of money -- doesn't bother me -- but orthopedic surgeons mostly have happy customers in that they can fix the patient's problem with surgery, while oncologists have no absolute solutions to anyone's illness. It must weigh heavily on them.
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Interesting! What part of it do you find disturbing, norahamby?
I was a little surprised the salaries weren't higher too, and I'm shocked at the compensation by geographical region! I would have expected California, Hawaii, and the northeastern states to be among the highest, instead of the North Central states.
It's disappointing to see that only roughly half of all physicans feel fairly compensated and that females still lag behind males in salary, but as always,there's more to the story.
I had to laugh at the miniscule percentages who consider themselves "rich!" Hehe, they obviously have a different threshold than I do!
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I don't have an issue with their salaries, either. All I can say is that the medical team that is together for me are worth every penny of their salaries and then some.
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Riverhorse - I think what you say about Oncologists is true. My friend is a General Surgeon (including BC surgery). He said of all the Specialists, Oncologists have the hardest job of them all. I was sort of taken aback as I perceived it as so "cookbook." He said they are constantly dealing with the grief of cancer, for one...so many patients that have such poor prognoses (I know my MO says she takes this home with her)...but on a day to day level, they are constanly dealing with medical crisis...reactions to chemo, etc.. He just said it is the toughest of all MD specialties.
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I was quite surprised.The article begins by stating that physician's income has gone down overall. I did not expect that. I missed where it said that oncologists were at the top of the heap. Can someone please direct me to where that is in the article? Thank you.
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I also didn't think they were so highly paid considering their training and their work. They are entitled to these earnings in my opinion. I think nurses should be better paid than they are - for sure they don't earn enough.
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From the article - on page 9 -
"The specialties with the highest percentage of physicians who consider themselves rich were pathology (15%), radiology, oncology and gastroenterology (14% in each). "
Why do I find it disturbing? I do because doctors who treat cancer make so much money. Why would they ever want to find a cure? It worries me. Maybe they get into those specialities because of the money.
Norah
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Why would they ever want to find a cure? Are you serious? Do you imagine oncs don't have parents, children, siblings, spouses ..... etc. I think that's a pretty offensive view of people who pretty much have saved many a life on this board. What a gross way of thinking.
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The salaries are not out of line considering the cost of their education, the cost of malpractice insurance, and the years of education before they can even begin to draw those salaries. And I agree that oncology would be the most heart-breaking specialty. My cousin is a pediatric trauma doctor, and he carries all those sad stories home with him. Oncology would be the same, I guess.
And yes, cancer is an industry unto itself between the oncs, radiologists, state-of-the-art diagnostic equipment, pharmaceuticals, surgeons ... that is a whole other story.
But I still do not begrudge the doctors their salaries. I do not want the cheapest doc working on me, I want the best!
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Re: Why do I find it disturbing? I do because doctors who treat cancer make so much money. Why would they ever want to find a cure? It worries me. Maybe they get into those specialities because of the money.
Norah"
Wow. I wonder if statements like this might make some breast cancer patients and supporters feel "crabby?"
My oncologists and other treatment providers deserve every penny they received, and then some. There are lots and lots of overpaid people in this world, but it ain't the doctors who receive roughly $300,000 per year to save lives every single day! Oh my. Crabby, indeed.
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norahamby
I guess I would disagree with your regarding oncologists interest in finding a cure -- I certainly would not want to think that doctors who chose this very demanding and, yes - sad, specialty would be so interested in their salaries that they would rather get rich than see an end to the suffering of their patients. If we are all going to doctors who want us to remain ill, there is no hope at all for cancer patients. How could we ever trust them?
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norahamby
I went for my zometa infusion today. My onc came in with a big grin on her face,and said she was thrilled with my PET/cat scan result from 4/12. (She had called me on 4/13 after office hrs with result,so I would not have to worry over the weekend). She was so pleased.
When she examined me,she smiled also;tumors have shrunk considerably. So continue with the treatment plan.
I don't think for one second that the majority of docs are "in it for the money". As for wanting their patients to remain ill? BS!
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I saw one program about an oncologist who specialized in ovarian cancer treatment. Someone asked, "Why in the world did you go into this field <dealing with so much death/treatment failures>?" He replied, "How could I NOT <go into this field>?" I thought that was a pretty impressive answer.
I work at a community hospital, and a few years ago, one hospital nurse stated her salary, and it was more than the hospitalist (MD) who was working along side of her (on the graveyard shift in a hospital). I have no idea how often this happens, and what training the nurse had, but, for example, many MDs have to carry humoungous malpractice insurance premiums. In this article, in 2008, many obstetricians and neurosurgeons carried $100,000/yr malpractice insurance premiums.http://www.concordmonitor.com/article/cost-of-malpractice-insurance-forcing-doctors-to-leave-high-risk-specialties?SESS8f08de42c0723e6ec9e0d213a169ba18=google&page=full
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Hey, I have a son, 22yrs old, in med school who will graduate in 3 more years with a student loan debt of $160,000. (He knows fellow students who will owe more than $200,000, due to undergraduate and medical student loans.) My son will then do a residency where he earns $50-60K for 3-4 years, working 80 - 120 hours per week. Then he will do a specialty, where he earns just a little more for about 2-3 years. I think by the time he earns the "big bucks," he will have earned it. It's a good thing, because he's going to be paying on his medical school loan for a long, long time.
I also know one of his friends, who, instead of going to med school, decided to use his bio degree in sales. He's currently a medical sales rep for a large biotech co and earning $95,000 plus commission. He only works 40-45 hours per week.
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I can't believe that anyone thinks Dr's salaries are high, consider what politicians, actors & pro athletes make. I wish it was the other way around, I think Dr should be making millions instead of a hockey player.... JMHO
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I dont find this disturbing at all. Besides all the school loans they owe, the years of commitment at little pay and long hours, etc. , I think for the most part they are truely interested in helping people. Doctors and their friends and families are not immune from cancer. To think that they would not want to find a cure is just crazy talk IMO.
For my medical team, they deserve a big fat raise and a cake with candles every friday thanking them for what they do.
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Totally agree Mardibra. I love my docs and consider them my heros! After all they saved my life. Would never begrudge them their salaries.
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I was suprised the plastic sugeons weren't on top of the "heap". They probably are in my part of the country. Also Radiologist vs Radiological Oncologist(this might?) make a difference. I really believe my internist(PCP) is underpaid considering how much she helps me & how little my MO does for me.
EDA to correct some spelling
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I agree with all the comments here supporting our doctors. To add, my onc also is involved in a lot of research and many specialists lecture at universities.
My onc and BS only charge $95 for a consultation, which I don't think is excessive considering their expertise. The initial consultation with my onc was only $160 or thereabouts. -
I don't find it disturbing, either. What bugs me is the cost of hospitals, tests and pharmaceuticals. And more than that, what really really really really p!$$&$ me off is that the doctors and hospitals bill the insurance company for, say 2000. The insurance company pays 200. The doctor has to accept 200. The person without insurance...paying 2000. WTF?
Now, I know a whole lot of doctors are working out reduced costs for their unisnsured patients. The hospitals? Nope. I knew someone who died of cancer...his family? (young wife of about 30 with no little or no education and children are 12 and 4) -- on the pay forever plan.
We need the health care bill to stay. People like them need the health care bill to hold up...
But this isn't the doctors being selfish. They deserve to get paid. It just shouldn't be disproportionately by the uninsured. We should be sharing the burden equally. And...the family doctors and the pediatricians should be paid more equitably. But less? NO WAY. You couldn't pay me enough to carry those burdens and those doctors deserve anything we can to make their years of education, their years of interning, their immense responsibilities worthwhile to them personally. You cannot expect the heartwarming feeling of doing good to carry them through the toughest work.
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What CLC said! We have to do something about our outrageous health care system. ACA is a fair start. It just must stand.
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Considering yourself rich is not the same as being in the specialty that makes the most. Many people of moderate means consider themselves rich. That can be a measure of satisfaction with what you have.So my question is still not answered.
My oncologist works 12 hour days, sees all of his patients who are in the hospital, even if cancer is not the direct cause of their stay and works on numerous boards and committees. So no I do not think he is overpaid. Investment bankers, maybe, but not my doctors.
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Interesting charts, Norahamby. But I didn't interpret them as you did.
Out of 25 specialties listed, oncology came in 7th in earnings (averaging $295,000/year) -- in the first slide.
The question about "do you consider yourself rich?" (9th slide) is a subjective question about how the doctors feel about their income. Interesting that pathology, which ranked 15th in actual earnings, had the highest percentage of those who considered themselves rich (15%)! Maybe this is because they work regular hours and don't usually see patients, so they're very satisfied with their earnings. Radiologists, the top earners, were tied at 14% with oncologists (7th place in income) and gastroenterologists (6th place).
It's striking that plastic surgeons -- the 9th-highest earners -- were in last place about "feeling rich." General surgeons and ophthalmologists were likewise in the top half of earners, but bottom half in "feeling rich." Kind of supports what riverhorse said about oncologists being humble and surgeons being arrogant!
I too was surprised to see that the Northeast had the lowest compensation -- especially because I think we have high cost-of-living here...
Finally, as DebbieOS wrote, doctors don't earn a lot during postgraduate training -- and different specialties have different lengths of training. Both Medical Oncologists and Radiation Oncologists have very long training periods in order to become board-certified in those specialties (7, 8 or 9 years after medical school), compared to general surgery (5 years postdoc), ophthalmology (4), dermatology (4-5), anesthesiology (4), ob-gyn (4)...
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First off, our oncologists are not the specialty that will find a cure. That's not their job. That will happen in the universities and research facilities that are lucky enough to attract the funding for their work. Places like MDA, Sloan Kettering, etc.
This nonsense about our Drs being in it for the money comes from a very small minded place with little understanding whatsoever of the efforts and years it takes to become a Dr of any kind. Especially an oncologist.
I lost a brother in 1965 and my 9 year old sister in 1971 to childhood cancers. Evil neuroblastoma. Amazing strides have been made since those dark days. I remember the Drs and nurses came to both funerals and cried just as hard as we did.
They deserve every penny as far as I'm concerned. -
Then why the shortage?
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That's fine with me--I had a great team being around at any hr. they were needed, they even sit with me at the hospital off hrs. and just talk--I always got hugged and they'd hold my hand so they earn every oenny.
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