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Coffee Shop
Would like some advice to give advice to son
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<blockquote data-quote="LauraleesFarm" data-source="post: 1004323" data-attributes="member: 14261"><p>I have been a Registered Nurse for 23 years and have a masters in business. </p><p></p><p>The present forecast for surgeons and physicians is not all that cheerful right now. Obamacare and socializing medicine are not going to go kindly for our physicians. This is why many physicians are now unable to speak regular English and are here working on green cards. Foreign doctors that come in from Mexico, pakistan, india, canada....they are willing to take a low salary to replace our US natives. </p><p></p><p>The surgeons and anesthesiologists that I see on a daily basis all vocalize regret for choosing medicine. The days of the independent practitioner are coming to an end. Hospitals gained plenty from Obamacare but private practice physicians are set to suffer. In the future, many if not all physicians will be forced to become employed by hospitals as "hospitalists" or salaried by the hospital as an employee. This cuts all ambition out of the picture. It also causes the quality of care to suffer. It is also becoming very close to being a government employee when you think about it. There will be no difference. The government already controls much of medicine.</p><p></p><p>I hate to sound like a wet blanket. If your son is bright, and talented and likes to use his own creativity and drive to make a way for himself, then,.,..,I would advise him to do something outside of being a physician. Be a researcher, a nuclear physicist, aerospace engineer, design and develop major construction ....anything where you can set your own goals, achieve them, and be rewarded financially by working for YOURSELF. Once he invests that amount of time and money into medical school he is locked in. </p><p></p><p>Dentistry might be better for the independence it offers. Perhaps pharmacist and own your own business.</p><p></p><p>I recently had a 3 hour conversation with the surgeon that operates locally. He graduated from med school 3 years ago and came directly to East TX. He said that the typical contract these days offers in the neighborhood of $450K to the surgeon as annual salary for 4 year contract. During this time period the deal is, the hospital is keeping up with how much money the doc earned FOR the hospital. At the end of the 4 year period they hand the doc a statement that says he only earned X amount of dollars for the hospital in the past 4 years and he owes the balance. Meanwhile half of the guy's annual salary is eaten up in taxes. So he is quite unhappy with his chosen profession. Plus being on call 24/7 means you have no life. </p><p></p><p>Make sure he talks to lots of surgeons and specialists about how they perceive their financial future and their level of job satisfaction before he really commits.</p></blockquote><p></p>
[QUOTE="LauraleesFarm, post: 1004323, member: 14261"] I have been a Registered Nurse for 23 years and have a masters in business. The present forecast for surgeons and physicians is not all that cheerful right now. Obamacare and socializing medicine are not going to go kindly for our physicians. This is why many physicians are now unable to speak regular English and are here working on green cards. Foreign doctors that come in from Mexico, pakistan, india, canada....they are willing to take a low salary to replace our US natives. The surgeons and anesthesiologists that I see on a daily basis all vocalize regret for choosing medicine. The days of the independent practitioner are coming to an end. Hospitals gained plenty from Obamacare but private practice physicians are set to suffer. In the future, many if not all physicians will be forced to become employed by hospitals as "hospitalists" or salaried by the hospital as an employee. This cuts all ambition out of the picture. It also causes the quality of care to suffer. It is also becoming very close to being a government employee when you think about it. There will be no difference. The government already controls much of medicine. I hate to sound like a wet blanket. If your son is bright, and talented and likes to use his own creativity and drive to make a way for himself, then,.,..,I would advise him to do something outside of being a physician. Be a researcher, a nuclear physicist, aerospace engineer, design and develop major construction ....anything where you can set your own goals, achieve them, and be rewarded financially by working for YOURSELF. Once he invests that amount of time and money into medical school he is locked in. Dentistry might be better for the independence it offers. Perhaps pharmacist and own your own business. I recently had a 3 hour conversation with the surgeon that operates locally. He graduated from med school 3 years ago and came directly to East TX. He said that the typical contract these days offers in the neighborhood of $450K to the surgeon as annual salary for 4 year contract. During this time period the deal is, the hospital is keeping up with how much money the doc earned FOR the hospital. At the end of the 4 year period they hand the doc a statement that says he only earned X amount of dollars for the hospital in the past 4 years and he owes the balance. Meanwhile half of the guy's annual salary is eaten up in taxes. So he is quite unhappy with his chosen profession. Plus being on call 24/7 means you have no life. Make sure he talks to lots of surgeons and specialists about how they perceive their financial future and their level of job satisfaction before he really commits. [/QUOTE]
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