Dr. L advises all pre-medical students, that depend on student loans, to walk away from the field of podiatry medicine. After his experience, he does not believe the field is worth wasting time on. His income vs. expenses dose not render enough money. Another argument he is making is in regards to the Obama socialized medical plan. Dr L believes he will see at least a 20% decrease in his income once plans take effect. Dr. L believes he was lucky because he had family support and he was able to buy his practice from a retiring podiatrist.
Dr. L had received his surgical training from an Ivey League school in New England six years ago. He was expecting to make around $5,000.00 for a typical surgery. He now avoids surgery with his patients and is egger to refer them to other doctors. The time he has to take out of his day and the expenditures for the operation are too expensive. He only gets $500.00 for the same operation today. He confesses; that he prefers to stay in his office and make 35.00 per patience because it is less of a headache.
The first job offer Dr. L had was for 30,000.00 per year. He warns potential new doctors to expect an income of 50,000 to 75,000.00 per year. He does admit that it is possible, but not likely to make 100,000.00 a year as an employee. He was willing to take a risk and buy a practice and he could potentially make around 120,000.00 per year. However, he admits the tax bracket he pays list his income as middle class. Far from the belief he had going into the field. He also states that he struggles month to month and is always worried and stressed about his income because it cost 18,000.00 per month to keep his small practice open.
What about the under privileged students that have a dream to go into a field, not for money but for the sake of healing people? Will we be able to see a field of intelligent, talented, compassionate, and loving doctors in this country after the system becomes socialized and consequently broke? It is possible that the medical field will follow a few simple steps:
1. Intelligent doctors will become specialized
2. Intelligent students will become lawyers
3. Talented doctors will become plastic surgeons
4. Talented students will move to Brazil and become plastic surgeons.
5. Compassionate doctors will become harden because they will have too many patients and their quality of life will decrease which will lead to divorce, early death, and apathy
6. Compassionate students will become political science majors and ultimately sale their souls for the governor’s mansion.
7. Loving doctors will become midwives
8. Loving students will become hippies and chain themselves to trees to save the barn owl.
As it appears, we are doomed with our medical field. If students are force to pay 6.6 to 14 percent in interest rates on student loans, then the average doctor will face 400,000.00 to 500,000.00 pay back on student loans. Furthermore, without the government supporting doctors to decrease law suits the insurance premium is between 13,000.00 to 150,000.00 per year depending on what field ,state, and county the doctor works in. Add tax, advertisment, employee benifets, state and county fees, will anyone open their own medical practise?
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