Insurance costs have been going up by double digits for years, yet doctor reimbursement rates don’t even keep up with inflation. Something doesn’t meet the smell test here.
This is one such instance ~ OF course we pay doctors more ~ TO GET THE BEST!
i’m not sure about Australia’s degree of government intervention
into the medical system
BUT I would expect this result. The more government interferes in
the free market,the lower the fees to the physician. This reduces quality
of physicians. Since physicians take 4 years college, 4 years med school,
3 years residence before they start earning their real wage, I would expect
a high salary. At least $100,000.
Milton Friedman would have a simple explanation.
A simple thing--pay your own office visits. You pay your own cabfare, groceries, haircuttings. You'd see the doctor's basic office visits price drop quickly because of paperwork reductions. You'd see docs happy to accept a lower fee for the convenience and the increase in their own productivity.
But hospitalization is not so easy. People take the infrastructure that is a hospital for granted, and don't understand all the maintenance, admin, nursing, tech, recovery room, beds, machinery...that's big $$$.
It's rich...these tenured parasites telling docs they're greedy for charging $100 for a $35 office visit, when the other $65 goes to support tenured parasites in one way or another, including the most pernicious of parasites...the trail lawyer.
Why not just pay the doc $35 and dispense with the rest?