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Politics : Foreign Affairs Discussion Group

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To: c.hinton who wrote (236365)7/14/2007 1:31:10 AM
From: Wharf Rat  Read Replies (1) of 281500
 
Why are doc's so well paid?

"In 1996, the most recent year for which data are available for multiple countries, the average U.S. physician income was $199,000."

Maybe cuz...
Average MLB salary a record $2.6 million
msnbc.msn.com

and...
CEO Paycheck: $42,000 a day
A new analysis finds chief executives of large companies made 262 times the average worker's annual pay in 2005.
money.cnn.com

and

What is the average overhead cost (percentage wise) for an Internal Medicine private practice, on the West Coast ?

A:
Overhead levels for internal medicine practices vary widely. In our experience, operating overhead rates for Internal Medicine practices typically range from the low 50% range to the mid 60% as a percentage of collections. This statistic is impacted by the number of physicians in the group, their production, collection rate and payor mix, and the types of services provided.
medicalmanagement.com

Oh, and they usually don't start working until they are about 30, with a whopping big debt from med school.
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