According to this WaPo article, the average physician in the US earns $350K/yr. I didn’t click through to the actual data, but from the first table, I’m guessing that “average” means median, not mean. And physician income isn’t a Gaussian distribution—there’s a long right-hand tail for the specialties.Why is this? It looks to me like supply-and-demand is a big factor. Despite the fact that allopathic and osteopathic medical schools have expanded...
Read More »Why do physicians make so much?
According to this WaPo article, the average physician in the US earns $350K/yr. I didn’t click through to the actual data, but from the first table, I’m guessing that “average” means median, not mean. And physician income isn’t a Gaussian distribution—there’s a long right-hand tail for the specialties.Why is this? It looks to me like supply-and-demand is a big factor. Despite the fact that allopathic and osteopathic medical schools have expanded...
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