We are much more able to help our young adult offspring at this point in our lives compared to the years when they were in elementary school or when we were paying tuition for one or more at universities.
My point is that physicians are exceedingly well compensated in the US and do not need student loan forgiveness or any other taxpayer funded handouts.
Do you think medical care in the US is accessible to all? Affordable to all? Or even to enough people?
There are many many pieces as to why health care is so expensive in the US but one factor is the cost of higher education in the US. We are graduating newly minted doctors with hundreds of thousands of dollars in medical debt. They then face very large start up costs and probably relocation costs as they launch their career—at a time when many are thinking about purchasing a home —requiring a down payment—or rent—rents are extremely high so that’s not much of a savings, and starting a family.
Taking away the cost of loan repayment —or dramatically reduce it abd you take some of the economic pressure off the equation.
It’s only a part of the issue but it is part of the issue.
Your argument essentially boils down to people get sick, so doctors need to have lavish upper middle lifestyles by charging those sick people exorbitant rates instead of being responsible with their money early in their career until they’ve paid off the debt they willingly signed up for”
Nope. My argument t is that it is unreasonable to expect anyone to go through a decade of increasingly grueling education and training, while taking on hundreds ( plural) of thousands of education debt in addition to whatever consumer debt they were forced to incur to you know: live and then instead of looking at the sheer enormity of profit given to insurance companies who reward their CEOs—the entire C suite—and investors— obscenely and but because MDs finally entering their profession in the cusp of middle age want to earn enough money to pay back those loans and for a place to live—that’s a bridge too far? Maybe get married, start a family. You know: like real people do. Because they are still putting in long ass days doing work that is vital —and managing staff simultaneously. And hoping to have a bit of personal time.
You seem to be just fine with paying people enormous sums of money for not providing medical care to anybody.
That puzzles me.
Hospital systems and providers make higher profit margins than insurance companies do.
I don’t think it’s unreasonable to think that someone who takes out $200k in loans might be expected to live a more moderate lifestyle for a bit while they pay off the debt they willingly and knowingly took.
Doctors have the ability to command abusive salaries where their customers can’t say “no thanks”, in order to have luxuries limited to the top 5% of the country, and somehow you seem to think that because they agreed to take a large loan that makes it okay. Nobody else gets to do that. And YOU and every other person is footing the bill for it.
Everyone wants to have a house and start a family and have personal time and own nice cars and take luxurious vacations, and everyone puts in long hours.
To complete a bachelors, masters, and doctorate takes on average about 10 years, putting all of those on the cusp of middle age. And to attain that end point costs between $150k and $300k. Doctors aren’t different in this regard. But somehow they get a free pass to expect a 95th percentile income from people’s suffering… and people are fine with that.
Doctors have one hell of a PR branch.