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  #11  
Old 09-28-2013, 10:28 PM
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NateR NateR is offline
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Here's an interesting article about the student loan debt that most doctors end up with:
http://well.blogs.nytimes.com/2011/0...ent-debt/?_r=0

A key quote for those people thinking that doctors are only concerned about affording their second summer home:
Quote:
For almost three generations, debt has been a nearly inescapable part of becoming a doctor. Over 80 percent of each medical student class will graduate in debt; and while that percentage has remained unchanged for 25 years, the increase in the total amount owed has leapfrogged over all other economic reality checks, like inflation and the consumer price index. According to the Association of American Medical Colleges, which has been trying to address the problem for nearly a decade, young doctors who graduated from medical school last year had an average debt of $158,000, or $2.3 billion for the group as a whole. Almost a third of students owed more than $200,000, a number that will only increase with the addition of interest over payback periods of 25 to 30 years.
So it takes them 25-30 years to pay back all of their student loan debt under the current system. If doctors are going to start getting reduced wages because of Obamacare, then they could be looking at being buried in student loan debt for their entire life. So, what's the incentive to becoming a doctor under this new plan? The medical profession would essentially become a new form of slavery.
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  #12  
Old 09-30-2013, 06:39 PM
rearnakedchoke rearnakedchoke is offline
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Quote:
Originally Posted by NateR View Post
Here's an interesting article about the student loan debt that most doctors end up with:
http://well.blogs.nytimes.com/2011/0...ent-debt/?_r=0

A key quote for those people thinking that doctors are only concerned about affording their second summer home:


So it takes them 25-30 years to pay back all of their student loan debt under the current system. If doctors are going to start getting reduced wages because of Obamacare, then they could be looking at being buried in student loan debt for their entire life. So, what's the incentive to becoming a doctor under this new plan? The medical profession would essentially become a new form of slavery.
doctors aren't the only people coming out of college with loans .. and like anything else, no one is forcing them to become doctors ... like i said, years of colluding to make the price of medical treatments high is the problem (as it was pointed out, this is also the problem of the insurance companies) ... people need insurance to drive, so they have to pay the price for whatever is out there .. people need medical treatment, same thing ...
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  #13  
Old 09-30-2013, 09:17 PM
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NateR NateR is offline
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Originally Posted by rearnakedchoke View Post
doctors aren't the only people coming out of college with loans .. and like anything else, no one is forcing them to become doctors ... like i said, years of colluding to make the price of medical treatments high is the problem (as it was pointed out, this is also the problem of the insurance companies) ... people need insurance to drive, so they have to pay the price for whatever is out there .. people need medical treatment, same thing ...
That's exactly my point. No one is forced to become a doctor. However, if a person can only look forward to a lifetime buried under crushing debt with no way out, then what is the incentive to become a doctor?

Yes, people need car insurance to drive in the US, however that's very different compa