Comment by silexia
2 months ago
Doctors are by far the highest paid professional occupation in America. The AMA is the most powerful trade union in history and restricts the number of new doctors, pushing up prices.
2 months ago
Doctors are by far the highest paid professional occupation in America. The AMA is the most powerful trade union in history and restricts the number of new doctors, pushing up prices.
Specialist doctors are one of the highest paid professions in almost all countries. There are hardly any jobs more important than those of say a heart surgeon or a neurosurgeon.
I have changed my mind on this after looking at the data. Not much cost can be attributed to the doctors.
What data was that? Here is some from the BLS: https://www.bls.gov/ooh/highest-paying.htm
Highest 20 occupations by median annual income, the bottom is pilots, everyone else is a medical specialty.
This ignores the number of administrators. You can’t assume number of doctors are equal to administrators.