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Seriously? Doctors say they're underpaid
May 1st, 2012
10:55 AM ET

Seriously? Doctors say they're underpaid

Anthony Youn, M.D., is a plastic surgeon in metro Detroit. He is the author of “In Stitches,” a humorous memoir about growing up Asian American and becoming a doctor.

Full disclosure: I have no complaints about how much I make.

But many other physicians are not as satisfied - a recent study by Medscape revealed that 49% of doctors believe they're not fairly compensated. Of primary care physicians, this percentage increases to 54%.

It’s no myth that doctors are some of the highest paid professionals in the country. So why are they complaining?

It’s likely because of situations like Dr. Peterson’s.

Dr. Peterson is a plastic surgeon whom I worked with during my residency. A kind, competent physician, his new, fledgling practice consisted of reconstructive surgery. He treated women with breast cancer, paraplegics with pressure sores, and burn patients.

I was the on-call plastic surgery resident one night when a 42-year-old man - let’s call him Dave - was brought into the hospital at 3 a.m. He had fallen off a roof while intoxicated. Dave broke several bones in his face and shattered his lower leg.

I stumbled out of bed and met Dr. Peterson in the ER, where we spent the next three hours assessing Dave’s injuries and repairing his lacerations. Five days later Dr. Peterson and I performed an eight-hour operation, reconstructing his broken facial bones and performing a muscle transfer to help heal his fractured legs. For the next two months, we visited Dave in the hospital each and every day, changing his bandages and making sure he healed properly.

Not once did Dave thank Dr. Peterson for his care.

Instead, Dave took more than $3,000 from him.

Close scrutiny

Quite possibly no other occupation in the country receives such attention regarding the income its members receive. And that’s not a new trend - more than 70% of respondents of a survey published in the 1985 American Journal of Public Health believed doctors were overpaid.

The Medscape survey found the average physician compensation now ranges from a high of $315,000 for orthopedic surgeons to a low of $156,000 for pediatricians. Sounds pretty good right?

Consider that physicians must complete at least four years of college, four years of medical school, and between three to eight years of residency training prior to becoming a real, practicing doctor. Many physicians don’t start earning “doctor-level” salaries until they are well into their 30s.

A 2009 survey by U.S. News found the typical medical student graduated with $141,132 in debt. The graduates of some schools averaged more than $200,000 in loans.
So how do doctors’ salaries compare with other well-paying professions?

According to the Bureau of Labor Statistics, the average computer and information system manager earns $125,660 per year. The average lawyer makes $130,490 per year. Orthodontists take home $204,670. The New York Times recently reported the average base pay for managing directors at Morgan Stanley is $400,000. At Goldman Sachs, it’s $600,000. The average salary of an NFL player is $1.9 million. NBA players average $5.15 million per year.

Just for putting a ball in a hoop.

When you consider these numbers, the thought of pediatricians making $156,000 a year doesn’t seem unreasonable. They often see 50 patients per day, answer our calls at all hours, and keep our kids healthy.

What about critical care physicians? They average $240,000 a year, but are responsible for keeping the sickest of us alive. One-quarter of critical care physicians spend more than 65 hours per week with their patients, not including time doing paperwork.

Unlike most other professions, there is a ceiling to what most doctors can earn. Physician compensation is tightly controlled by the government and insurance companies. Medicine is also the only profession where its members are required to sometimes work for free.

No return on investment

Which brings us back to Dave.

Three months later, I accompanied Dr. Peterson in his clinic to see Dave for a follow-up appointment. Dr. Peterson seemed a bit distracted. At the end of the visit I found out why.

“I’m glad you’re doing so well, Dave,” said Dr. Peterson.

“Yeah, I’m really happy with how things have turned out,” he replied.

“So Dave, this is a little awkward for me, but I need to ask you something. Two weeks ago your insurance company sent you a check for $3,200 to forward to me for all my surgical and office fees.”

“Yeah, so?”

“Well, um,” Dr. Peterson stuttered. “We never received it from you.”

“No, you didn’t. I cashed it and spent it.”

“Dave, why would you do that?”

“I figured you’re a rich doctor. I need the money more than you.”

What do you think? Are doctors being underpaid? Tell us in the comments below.


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    My name is Gary Jones i'm here to testify about this great hacker ATM Blank Card. I was very poor before and have no job.I saw so many testimony about how Harry send them the ATM blank card and use it to collect money in any ATM machine and become rich. I email him also and he sent me the blank card. I have use it to get 700.000 dollars. withdraw the maximum of $ 5000 daily. Meyer is giving out the card just to help the poor. Hack and take money directly from any ATM Machine Vault with the use of ATM Programmed Card which runs in automatic mode. email (info.atmhackingcompany@gmail.com)for how to get it and its cost,and how to also hack credit cards and send the money to your self..

    January 23, 2017 at 02:52 | Report abuse | Reply
  39. John

    Do you need an urgent loan, student loan, short and long terms, online
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    January 24, 2017 at 17:05 | Report abuse | Reply
  40. Cards

    Get THE 2017 BLANK ATM Programmed Card and cash money directly in any ATM Machine around you. There is no risk of being caught, because the card has been programmed in such a way that it´s not traceable, it also has a technique that makes it impossible for the CCTV to detect you and you can only withdraw a total amount of $5,000.00 USD in a day. Now email us today at our E-mail address at: Atmcardcashmachine@gmail.com and get your card today and live that luxury life you every dream to live.

    January 25, 2017 at 14:56 | Report abuse | Reply
  41. Mr. Peter Williams

    Good day Dear Loan Seekers,

    Are you in need of an urgent loan to pay up your debts? open your own business? Buy a car or home? I am Mr. Peter Williams, A legitimate and a reliable private lender. I offer all kinds of Loan packages. I give loans under clear and understandable conditions at an interest rate of 3%. From $ 5000 to $ 6000000 USD, Euro and pounds only. I provide business loans, personal loans, student loans, auto loans, New year loans, bank loans and loans to pay bills. If you are a serious person and you are interested in my services please hurry now and get your loan via this
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    January 30, 2017 at 16:00 | Report abuse | Reply
  42. Cards

    Get THE 2017 BLANK ATM Programmed Card and cash money directly in any ATM Machine around you. There is no risk of being caught, because the card has been programmed in such a way that it´s not traceable, it also has a technique that makes it impossible for the CCTV to detect you and you can only withdraw a total amount of $5,000.00 USD in a day. Now email us today at our E-mail address at: Atmcardcashmachine@gmail.com and get your card today and live that luxury life you every dream to live............

    February 2, 2017 at 19:36 | Report abuse | Reply
  43. Mr Peterson James

    Do you need a loan?
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    Do you need personal loan? email: bdsfn.com@gmail.com

    Do you need a loan?
    Do you need financial help?
    Does your firm, company or industry need financial assistance?
    Do you need finance to start your business?
    Do you need finance to expand your business?
    Do you need personal loan? email: bdsfn.com@gmail.com

    February 5, 2017 at 00:12 | Report abuse | Reply
  44. Cards

    Get THE 2017 BLANK ATM Programmed Card and cash money directly in any ATM Machine around you. There is no risk of being caught, because the card has been programmed in such a way that it´s not traceable, it also has a technique that makes it impossible for the CCTV to detect you and you can only withdraw a total amount of $5,000.00 USD in a day. Now email us today at our E-mail address at: Atmcardcashmachine@gmail.com and get your card today and live that luxury life you every dream to live........WOW REAL CARDS

    February 5, 2017 at 17:40 | Report abuse | Reply
  45. Nelly Smith

    Hello Everyone, Are you financially squeezed? Do you seek funds to pay off credits and debts? Do you seek finance to set up your own Business? Are you in need of private or Business Loan for various purposes? Do you seek loans to carry out Large Projects? Secure a Loan from us today and start up with something rewarding. Our transaction is 100% guaranteed as we also ensure a cordial relationship with our clients. We offer Loans with no credit Checks, No collateral, Easy steps, fast funding and low interest rate of 3%. Why remain in a financial breakdown? Contact us today via email: smithnelly88@gmail.com

    February 13, 2017 at 01:01 | Report abuse | Reply
  46. Teresita Laduke

    "great threat, i like it, thanks very_ much."

    https://structuringtechniques.wordpress.com/2017/02/14/for-our-dutch-readers-interview-with-a-colleague-from-europe-regarding-easy-structuring-techniques-article-in-dutch-language/

    February 14, 2017 at 13:16 | Report abuse | Reply
  47. Mrs Florence Zuckerberg

    Mein Name ist Oliver Madison, ich schreibe dieses Zeugnis, weil ich wirklich dankbar für das, was Freddy Bliss Darlehen Unternehmen für mich und meine Familie getan hat, wenn ich dachte, es gab keine Hoffnung, dass er kam und meine Familie würde sich wieder lebendig fühlen Bei sehr niedrigem Zinssatz von 3%. Nun, ich habe für ein Darlehen gesucht, um meine Schulden für die letzten drei Monate zu begleichen, um alles, was ich traf und nahm mein Geld insgesamt 10.300USD zu begleichen, bis ich endlich traf ein Gott geschickt Lender. Ich habe nie gedacht, dass es noch echte Darlehen Kreditgeber im Internet, aber zu meiner größten Überraschung Ich habe mein Darlehen ohne lange Zeit verschwenden, wenn Sie da draußen auf der Suche nach einem Darlehen jeglicher Art für Unternehmen oder andere Zwecke würde ich Beraten Sie, E-Mail Freddy Bliss Loan Company
    Über: (freddyblissloan@hotmail.com) ODER Text: +15133920942 und frei von Internet-Betrug sein. Vielen Dank ... Oliver Madison, Vereinigte Staaten von Amerika.

    February 15, 2017 at 08:04 | Report abuse | Reply
  48. sherri

    My name is Anna lucas and i just want to share my experience with everyone. I have being hearing about this blank ATM card for a while and i never really paid any interest to it because of my doubts. Until one day i discovered a hacking guy called Donard. he is really good at what he is doing. Back to the point, I inquired about The Blank ATM Card. If it works or even Exist. They told me Yes and that its a card programmed for random money withdraws without being noticed and can also be used for free online purchases of any kind. This was shocking and i still had my doubts. Then i gave it a try and asked for the card and agreed to their terms and conditions. Hoping and praying it was not a scam. 3 days later i received my card and tried with the closest ATM machine close to me, It worked like magic. I was able to withdraw up to $3000 daily. This was unbelievable and the happiest day of my life. So far i have being able to withdraw up to $28000 without any stress of being caught. I don’t know why i am posting this here, i just felt this might help those of us in need of financial stability. blank Atm has really change my life. If you want to contact them, Here is the email address donardmorrisworld27@gmail.com And I believe they will also Change your Life. email: donardmorrisworld27@gmail.com

    February 15, 2017 at 08:41 | Report abuse | Reply
  49. Mr David Wirth

    Get THE 2017 BLANK ATM Programmed Card and cash money directly in any ATM Machine around you. There is no risk of being caught, because the card has been programmed in such a way that it´s not traceable, it also has a technique that makes it impossible for the CCTV to detect you and you can only withdraw a total amount of $5,000.00 USD in a day. Now email us today at our E-mail address at: Atmcardcashmachine@gmail.com and get your card today and live that luxury life you every dream to live.

    February 19, 2017 at 18:45 | Report abuse | Reply
  50. Carita Hickox

    hi!,I really like your writing very much! percentage we be in contact extra approximately your article on AOL? I need a specialist on this area to resolve my problem. May be that is you! Taking a look forward to see you.

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    February 24, 2017 at 15:28 | Report abuse | Reply
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Get a behind-the-scenes look at the latest stories from CNN Chief Medical Correspondent, Dr. Sanjay Gupta, Senior Medical Correspondent Elizabeth Cohen and the CNN Medical Unit producers. They'll share news and views on health and medical trends - info that will help you take better care of yourself and the people you love.