Debate Magazine

Are American Doctors Overpaid?

Posted on the 26 February 2013 by Reasoningpolitics @reasonpolitics

Doctors_Money-300x200American doctors are vastly overpaid when compared to their peers in other advanced nations, according to Matthew Yglesias in Slate.

The last time the OECD looked at this (PDF), they found that, adjusted for local purchasing power, America has the highest-paid general practitioners in the world. And our specialists make more than specialists in every other country except the Netherlands. What’s even more striking, as the Washington Post’s Sarah Kliff observed last week, these highly paid doctors don’t buy us more doctors’ visits. Canada has about 25 percent more doctors’ consultations per capita than we do, and the average rich country has 50 percent more. This doctor compensation gap is hardly the only issue in overpriced American health care—overpriced medical equipment, pharmaceuticals, prescription drugs, and administrative overhead are all problems—but it’s a huge deal.

Doctors aren’t as politically attractive a target as insurance companies, hospital administrators, or big pharma, but there’s no rational basis for leaving their interests unscathed when tackling unduly expensive medicine.

Do you really want your doctors motivations to be financial? I want my doctor to be motivated by healing me and keeping me healthy, not by the money from the procedures and drugs he orders for me.

Right now, the incentive structure for doctors and health care organizations is simple: the more procedures the more compensation. My recovery or overall health does not factor in, providing I do not sue for malpractice.  To ensure patients do not sue, doctors order more tests than are necessary, creating a double incentive for unnecessary procedures.

For a stunningly in-depth evaluation of how hospitals set prices for their services, check out Time’s cover story, Bitter Pill. You will be angry.


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Airbus A330-200, Thomas Cook Airlines

    Airbus A330-200, Thomas Cook Airlines

    @ San Francisco International Airport, CA October 2018 Starting in May 2017, Thomas Cook began operating two flights per week between SFO and Manchester, UK... Read more

    The 09 December 2018 by   Htam
    PHOTOGRAPHY, SOCIETY
  • Caroling Party

    Caroling Party

    Last night we hosted our fourth annual caroling party. I'm not a big Christmas gift-giving person, so our gift to everyone is doughnuts, hot chocolate, hot... Read more

    The 09 December 2018 by   Sherwoods
    FAMILY, PARENTING
  • Struggling to Afford Insulin

    Struggling Afford Insulin

    People who need insulin for their type 1 or type 2 diabetes are skimping on the shots because the drug has become so expensive. A study this week in the... Read more

    The 09 December 2018 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • 8 Guiding Principles For Pursuing A Winning Venture

    Guiding Principles Pursuing Winning Venture

    Every entrepreneur has an idea for transforming a market with innovative new technology, or transforming society with a new process. Read more

    The 09 December 2018 by   Martin Zwilling
    BUSINESS, CAREER
  • Nutrition and Your Doctor

    Nutrition Your Doctor

    There are certain things that doctors are great at. How to prescribe medications? Yes. How to do surgery? Yes. Nutrition and weight loss? No, definitely not. Yo... Read more

    The 09 December 2018 by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Sunday 9th December: Annie Chinery

    Sunday December: Annie Chinery

    I'd like to begin this blogpost by saying that I do love my mother-in-law very much. My own mother died shortly before my marriage, and Ma Walker did exactly th... Read more

    The 09 December 2018 by   Kirsty Stonell Walker
    CULTURE
  • Indoor Air Pollution: Are You Protected?

    Most of us think of big cities and smog clouds when contemplating air pollution. However, indoor air pollution can be just as prevalent and dangerous, if not... Read more

    The 09 December 2018 by   Meet Rv

Magazines