In this space in the last issue of Modern Physician, I wrote about the growing national obsession with how physicians make their money and spend their time and pondered why anyone would want to be a doctor under those conditions. Two stories in this issue of Modern Physician continue to have me scratching my head.
In this issue's Feature, reporter Andis Robeznieks reveals the results of the 17th annual Physician Compensation Survey conducted by Modern Healthcare, our sister publication. Only five of the 23 medical specialties tracked in the survey enjoyed compensation increases in 2009 that topped the inflation rate of 2.7% that year. Ten others had increases but less than inflation. And eight actually saw their compensation decline.
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In this issue's By the Numbers, we report on the jump in tuition and fees for first-year medical students attending public and private medical schools in the U.S. Tuition and fees for the first year of medical school rose 17% to $45,833 for the 2009-10 school year compared with the 2005-06 school year at private medical schools. Public medical schools are cheaper but are catching up fast with their private peers. Tuition and fees for the first year at a public medical school rose a whopping 32% to $26,814 for the 2009-10 school year.
Rising medical schools costs. Flat or declining earning power. Is there any wonder why there's a growing shortage of physicians in the U.S.?
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