cicerone imposter wrote:Yeah, everybody feels badly for those "poor" doctors.
Salary of a Doctor
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Antell, Gerson, & Harris, Walters. Economics: Institutions and Analysis, Third Edition. New York: Amsco School Publications, Inc., 2001:182. "Table 8.2
Median Weekly Earnings, 1999
Physicians $1,266" $65,832
Physicians and Surgeons. Medical Group Management Association, Physician Compensation and Production Report, 2003. Table 1. Total compensation of Physicians by Specialty; 2002
Anesthesiology $306,964
Surgery, general $255,438
Obstetrics/Gynecology $233,061
Internal medicine $155,530
Pediatrics/Adolescent medicine $152,690
Psychiatry $163,144
Family Practice $150,267
$150,267 - $306,964
"AMA: Doctors' income still rising." Managed Care. (June 1998). "The American Medical Association' annual physician income survey shows that, an average, doctors are making close to $200,000 a year." $200,000
Terkell, Studs. Hard Times. New York: Pantheon Books, 1970: 80. "I just came across a bankbook that I had between 1931-1934, and, by God, I was in those days making $2,000 a month." $24,000
Enzmann, Dieter R.Surviving in Health Care. St. Louis, Missouri: Mosby-Year Book., 1997: 98. "Perhaps because of persistent high salaries ($186,000 average physician compensation in 1994) there is little public sympathy for the physician's current plight." $186,000
The WSJ this past week had a good article about a family practice doctor up in a poor part of Michigan. This guy averaged about $150,000 per year, working a 60 hour week and see mainly patients on medicaid and medicare. This man also had a large family to support.
Based on his overhead for running his practice, he has often had to cancel his own salary to make ends meet, so that the poor in his town ( Berien Springs?) could receive medical care.
He stated that he was a "spiritual man" and not a business man. I say he was God's gift to the poor and elderly in his practice area and I also say, that he's not over paid by any means.
I'm going to try and find that aritcle, and I 'll post it, if I can.