'My plumber earns more': Compensation woes
Batya Swift Yasgur, MA, LSWHow satisfied are physicians that they are fairly compensated for their dedication, skills, and time? That's a subject that seems to steer many physicians to heated emotions and to a variety of issues with today's medical field — not all of which directly affect their pay.2022: Incomes Gain, Pay Gaps Remain generally shows encouraging trends.
A family physician lamented he has"made less in the past 3 years, with more hassles and work" and he"can't wait to retire next year." Meanwhile, he complained, the US health system is"the costliest, yet wasteful; with worse outcomes; reactive, not preventative; and has the costliest drugs and social issues."The conversation about fair compensation launched some commenters into a discussion about competition from nurse practitioners and physician assistants .
Greater independence for NPs and PAs strengthens the hands of health insurers and"will end up hastening the demise of primary care as we have known it," another reader predicted. Other physicians' takes:"For the institution, it's much cheaper to hire NPs than to hire doctors.""Overall physician negotiating power will decrease in the future."patients, comments reveal resentment about the practical need to work with Medicare and its resentment rates.
Another way of looking at the code reimbursement increases is a 50% pay cut over 20 years for doctors and medical practices, that reader insisted."The rising cost of employee wages, particularly of the last two-and-a-half years of COVID-19, combined with the effective pay cuts over the last 20 years, equalsAnother commenter concurred."In the 1990s, most full-time docs were making almost double what you see [in the report], and everything cost almost half of what it does now.
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