How much are U.S. docs worth? Fig­ure it out back­ward

Modern Healthcare - - COMMENT -

Re­gard­ing the Vi­tal Signs blog post “How much are U.S. doc­tors worth? De­pends who you ask” (ModernHealth­care.com, June 24), fig­ure it out back­ward. How much should a doc­tor have at re­tire­ment, as­sum­ing a con­ser­va­tive in­vest­ment strat­egy? Cal­cu­late the time avail­able for earn- ing/sav­ing from the age at end of res­i­dency to age of re­tire­ment and as­sume a per­cent­age of in­come saved. Don’t for­get the In­ter­nal Rev­enue Ser­vice.

Con­sid­er­ing the time-value of money, and the fact that doc­tors don’t earn any sig­nif­i­cant money un­til they are eight years older (or more) than their col­lege class­mates, smart peo­ple will ask them­selves if they should em­ploy their cu­rios­ity and in­tel­li­gence in a more lu­cra­tive and com­fort­able fash­ion.

Maybe the U.S. should just hire French doc­tors and the smart Amer­i­can kids will choose ca­reers in in­surance and hos­pi­tal ad­min­is­tra­tion.

Dr. Mark Sch­nitzer Chief med­i­cal of­fi­cer Ver2 Dig­i­tal Medicine

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.