Why doctors in America earn so much

Re:Why doctors in America earn so much by nradov on Wednesday November 01, 2023 @05:49PM (#38105799)

That is not a realistic or sensible proposal. Only a subset of hospitals do graduate medical education. If teaching hospitals raised their prices to cover the overhead of residency programs then that would put them at a competitive disadvantage relative to hospitals that don't train residents at all. In order to keep residency programs financially sustainable there has to be a separate revenue source.

Cleveland Clinic is a non-profit. Their total revenue is irrelevant. If you'd like them to spend an extra $200M on their residency program then they would have to spend less on other stuff. Take a look at their financial statements and then you can tell them exactly where they ought to cut back in order to fund your proposal. Please be specific.

https://my.clevelandclinic.org/about/overview/financial-info...

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Re:Why doctors in America earn so much by s1artibartfast on Wednesday November 01, 2023 @08:14PM (#38107225)

Of course their revenue is relevant? IF they can stack 2 billion per year onto their endowment every year, they could spend 200 million on residents.

That is my specific proposal. If they refuse to raise prices, grow the endowment by 200 million less per year and provide the same services. Essentially grow their stock portfolio a little more slowly. It is bad enough that a non-profit charges 20% more than the cost of their services. They would be fine if they were only making 18% more than their costs.

It is basicity the same as if Harvard college claimed it cant afford to train teachers aids while charging students more than enough to cover expenses and sitting on a 50 billion endowment that grows ever larger each year.

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