Is the Fed money printer gonna be enough to offset the 22% unemployment rise?

The thing is, the factors that keep doctors pay high isn't the massive amount of loans that they take out. It's because we have critical shortages of Physicians all across the country.

If we suddenly made it free to go to medical school I'm not convinced that physician salaries would drop one penny because the critical shortages would still be there.

Additionally if we suddenly opened five times as many residencies and medical schools but kept all the costs to become a physician the same the salaries would plummet.

This post was edited by Thor123422 on Apr 16 2020 11:21am

@thor
@snipa

Enter nurse practitioner, the most powerful online degree on the planet at this time. In some places exact same prescribing privileges with fraction of the training, fraction of the cost, and stable 6 digit income.

brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

If it was free to go to medical school, more people would go to medical school. Supply would increase and doctors salaries would subsequently decrease. I'd expect a time lag of 5 or so years for this effect to really kick in.

More of a general point to everyone: you can't compare salary differences between doctors US and Europe without looking at salary differences across other sectors. Productivity/GDP per capita is higher in the US than the majority of European countries so salaries will be higher across many sectors regardless of occupation.

Might I also add that European healthcare systems have strong mixings with the public sector. That is important because public sector workers earn less but get better benefits like the ridiculous defined benefit pension schemes in the NHS.

It’s easy to come up with this number because almost half (as of 2016 could be wrong today) of individuals entering medschool have tuitions (including undergrad) paid for by family.

The average physician leaving residency that didn’t have it paid for or scholarship and excluding all undergrad debt is near 250. Throw on undergrad + interest and you’re increasing that by another 50-100

My sister (currently specializing as emergency physician) has a large dislike for NP's. Says they're too sure of themselves and make too many decisions without having the background necessary. Do you agree?

Medical schools are already saturated, removing tuition is not a factor in how many people can go to medical school




We should really only include private medical schools in this analysis since decreasing the cost for the social good while not restricting the income is literally exactly what state schools do for their in the state students

This post was edited by Thor123422 on Apr 16 2020 11:40am

that would be assuming a stagnant level of certification and testing. if you made it free you could just make med school entrance exams more tough, then the workload itself more tough, and increase residency requirements. if you end up with a massive change in the supply of med school students. at the end of the day med school, even if free, just isnt for most people. its still hard af and a long process. i dont see millions flooding in, let alone getting accepted to medical schools.

college for undergrad is basically "free" via easy af to get loans. 18 year old kids dont understand debt or interest, so theyve flooded the market. and where do they go? phy ed majors, business majors, basket weaving, women's studies, etc. water finds the path of least resistance.

This post was edited by thesnipa on Apr 16 2020 11:45am

State medschool costs aren’t that much better tbh, maybe slightly?




Some are FAR TOOOOO confident for the training they have. You certainly have terrific ones amongst the group. I’m internal medicine which requires a fairly significant knowledge base. The group I’m in has NPs, the spectrum is huge. I wouldn’t care as much if they were assuming their own liability, but often times they are not.


I come back in little bit after market close, ya’ll spamming stock trade with real talk.

Still chilling with my spy puts


This post was edited by Bazi on Apr 16 2020 11:46am