Why is medicine so expensive in the USA, and doctors get big money? How did this happen and why does competition there not help to reduce prices?

Why is medicine so expensive in the USA, and doctors get big money? How did this happen and why does competition there not help to reduce prices?

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answers (2)

Answer 1
January, 2021

It is in the Russian Federation that doctors work for a pittance. To become a doctor, study for at least 10 years at a university, then internship, residency for another five years. Year of study 50-100 thousand. If a patient died, insurance is needed to protect the doctor - in the Russian Federation, patients will never win a court against doctors and will not receive compensation. In general, a pure economy,

Answer 2
January, 2021

A doctor's diploma and a license are not given just like that, during the training a future doctor easily pays a very six-figure amount. All this must be paid. In addition, professional liability insurance eats up up to 20% of the fee. In addition, the physician pays membership fees to various medical associations. And to this - the content of their practice, including rent or mortgage payments, overhead costs, staff salaries incl. social expenses, lease payments for equipment, the cost of consumables, the same disposable gloves, for example. Plus insurance for the practice itself. And much more.

And finally - the doctor does not work for the sake of enthusiasm, but makes money - i.e. income after all payments and taxes should be. Where does cheap medicine come from?

In addition, competition is artificially limited so that doctors do not go around the world. If there are already many doctors of this profile in a given area, it will be difficult to obtain a license to open a new practice.

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