U know who actually are being overpaid? Actors, youtubers and content creators. I think teachers ,doctors, nurses and researchers deserve much more money that any other sectors as they are actively building society and helping people in need

Hearing 6400 students went unmatched makes me sick to my stomach.

If anything,they are underpaid considering how many years of their youth they have to sacrifice,how much more they have to study compare to other professions and the extreme mental pain they have to undergo when they see their patients die infront of them . Doctors are underpaid all of the world ,specially in other countries

Sacraficing your entire twenties can't be compensated no matter how much you make.

Great video! You should also mention how physician salaries have not kept up with inflation for the past few decades.

Less Doctor's pay and more just corrupt insurance companies.

That figure of residents getting paid $21/hour is actually worse when you factor in overtime. It means, at a 60-per-week rate, residents are making around $17/hour. People working at convenience stores make that kind of money and more. You get paid that money only after you have been in school studying some of the most rigorous scientific topics known as the rigor increases year over year for at least 8 years of your life.

The German and UK salary figures aren't exactly accurate. They are union/NHS base salary rates, in both countries a lot of doctors partake in private practice or work overtime, increasing wages by quite a bit. Also in Germany, a lot of physicians negotiate contracts that pay (significantly) more than the union rate. I believe that according to the medscape international compensation report, German physicians make 183.000, and UK physicians 138.000 US dollars on average. Still by no means at the level of the US, especially when income tax is taken into a count but not as bleak as it sounds in the video.

The doctor's trade union in the UK (BMA) is balloting for strike action due to bad pay, at the start of January. I think it would be fantastic for you to cover this on the channel. Your figure of ~£100,000 is for consultants (attendings), and that is around 10 years post graduation in most specialties. Not 4 years as it is in the US. Below are the typical pay scales for UK doctors: F1 (PGY1) - £29,384 base + around £4,000 supplement F2 (PGY2) - £34,012 + £5,000 Registrar in middle of training (~PGY6) - £51,017 + £6000 Consultant (attending) year 1 (PGY10) - £88,364 up to £119,133 at 19 years (PGY29!) Most would consider the consultant pay quite good here. But the junior doctor pay is trash. I could earn more working in retail vs PGY1 and 2! Our only saving grace is tuition fees are capped at £9,250 per year Doctors are not overpaid. Doctors form part of the most valuable labour in the country. Highly trained, high achievers all their lives, vital service. Do not undervalue yourself in the name of "virtue." What is more important than health? The insurance companies are the ones who are overpaid

Absolutely crazy. I can understand why there’s such a big hole in the primary care fields. To go through all that schooling/training to make like 200K is gross. As someone who wants to work in emergency medicine specifically I say this to all my future docs. Please start now developing some kind of side hustle that you grow over time so hopefully by the time you’re a doctor, you have your salary and various other incomes. I can only see this situation getting worse before it gets better

All I have to say is, I respect Dr. Jubbal taking the time to make videos on difficult topics. If anyone thinks they can make a video and be exactly on point with everything, you’re wrong. I personally feel this is a career path that you shouldn’t do for money because the opportunity cost is nuts if you don’t truly enjoy the profession. There’s far too many people now a days graduating high school, wanting $100,000+ a year for having a high school education. I don’t mean that pursuing a career as a physician is the only way to make that money, but the amount of years it takes you to become a physician and the crazy work hours, definitely seems fitting for the amount of money they make in the US. What I respect is that Dr. Jubbal takes his time to research and talk with people and other professions, about these topics. This is something that people are gonna have opinions about but never know the reality of it unless you go through it yourself.

I believe the problem within the American health system is that there are lots of non health provision related administers

Really great video! It was surprising to see that thousands of med school students go unmatched every year and that they then have to strengthen their applications and apply again. And it does suck that during the residency, the doctors are payed so little for having 8 years of post-secondary education. Not to mention the long work hours. Would it be possible to do a video in the future about the process through which an international medical graduate can apply and be accepted to a residency program in the United States? And would it also be possible to do a video about what to look for and how to select a residency program that is more friendly towards the residents? I'm referring here to work load, schedule, work/life balance. I imagine that every residency program has long work hours (especially in the surgical specialties), but i also imagine that there are programs that are more resident friendly.

If there was no medical school debt, I would be perfectly happy with making less money as long as there's a universal health care system so all of my fellow citizens are guaranteed health care.

The root cause of all of this is the cost of education in the US. And choosing to become a doctor as a profession puts you in the US education loan system much longer leading to greater debts. In other countries, education is much cheaper.

Being a doctor is very stressful and you work many hours. They are under paid. I think actors and entertainers are over paid. Many medical doctors have student loans over 400k. Mid level providers do not have the knowledge of a doctor.

I wish there was a channel just like this called "Law School Insiders"

Who is planning to go to med school? 🤔 🩺🏫🎒👩‍⚕️👨‍⚕️

Is it possible for you to make a video on international students applying to medical school? I am an international pre-med student and I found contradicting information online. I know that it is harder for international students to get into medical school, but I am not sure how much harder. What is something that international students can do to have a better shot at getting into med school? Thank you!

Never forget that if a doctor gets ill in the US, they have to pay just as much in medical expenses as everyone else

Country matters as well.. The worth of currency differs. Most Australian GP's on average earn between 200-300k. And Orthopedic surgeons can easily earn 500k+. And those are both GREAT salaries in Australia. But 100k Pounds is considered high income in the UK. So it all varies by location.

Please , we want a video about non interventional cardiology

Is it true that med schools prohibit or restrict students from working? How does this work? Does the school pay for living expenses or do you have to take out loans?

Does a foriegn specalist have to take usmle step 1 to practice medicin the usa??

I think we can start the med school training straight after hs like uk and increase med school duration from 4 years to 6years putting less toll on student

hello can you talk about cardiac surgery???

I think you missed a key factor in physician salaries. The pipeline of healthcare, like any other income stream, constantly has money injected with each new facet installed in the pipeline. Private insurance companies' insertion into the healthcare pipeline also increases the costs. By taking the money of the insured and simultaneously trying to pay as little as possible out we have a system that further increases costs by necessitating work-hours negotiating with these companies to recoup costs. This often gets passed down the line into the end-consumer forcing medical debt and thereby requiring price increases at the facility level, basically double-penalizing the patient at the end of the line. If you were to get rid of that industry, as well as more tightly regulate the medical instrument industry (increasingly expensive MRI/CT/X-ray machines for only marginally better products), we could see very real doors to lower patient costs and overall healthcare cost without lowering physician salaries. All of this to say that physicians being "overpaid" isn't necessarily what bloats the cost of medicine in the U.S.

The real crime are the medical supplies expenses they're extremely over priced like a triple transducer arterial line is roughly $500 alone. Its just a piece of plastic and most of the time goes to waste when dry lines are created in case of an emergency case in the OR. Medical equipment are also super pricey as well

How is this even a question lmao. 4 years of undergrad, 4 years of medical school and minimum 3 year residency. On top of that medicinal tuition + cost of living is typically 50K per year. Not counting undergrad that’s 7 years of lost salary, sacrificed 20’s or more, and then years to repay back debt. Keep in mind doctors are salary based so many are working 60+ hours a week.

I have medical related videos on my channel. You can specify the topics that you are curious about and want to receive videos about in the comments.

What kind of graphs are those? Theyr not related to each other, for instance 10 thousand looks half of 40, what???

I agree about the insurance companies and administrators, it's a huge waste created by a system driven by conflict.

I have a friend of mine whom was residency bottlenecked, very sad indeed. I remembered when i first started engineering school, my professor, Dr in Electrical Engineering, said that the reasons why engineers don't make much is because we don't have lobbyists like Medical Doctors. If given the chance again, I wouldn't go to a formal college but learn from youtube videos and any free online ed from Yale, Princeton,.....

Well you'll never get your 20s back. No amount of money is worth that. But as doctors you have to study most of your 20s while everyone else is working, traveling, starting businesses etc. Then eventually when you're in your 30s you can start paying off debts while watching everyone else who worked that hard (on other fields) become millionares 😂

well it's tough, unless you are from another country and completed your residency in another country where it's much cheaper to study medicine, you can come to the US and practice medicine without paying what US medical students pay

They aren't overpaid, people earn money by the value they provide. While we're responsible for saving and preserving lives, people like athletes make life worth living for a lot of people hence it's high value and 💸... Most people won't see a doctor until they're sick, people literally hate the sight of hospitals. So no, those content creators, athletes etc aren't overpaid, the world considers them that valuable

Do a video about CRNAs!

Can you please do a video on IHS physicians?

Thank goodness Canadian tuition for med school is a fraction....still a lot though.

I think the thumbnail says it all

Dr Jubbal, you didn’t take into account Canada’s and Britain’s crushing income tax rates with your calculations. The difference in pay is far more severe than you noted.

administrative expenses account for 20 % of health care expense , and doctors account for 8% , that is 28% in total , where is the rest . doctors aren't the only medical personnel's that has to be account for the assistant , nurses , and technicians should all be included . There is no way that 72 % of expenses are spent on medical equipment , if it is not already included under administrative expense . the medical universities are clever , because they take advantage of the fact that they are so closely associated with the government . They make it harder (putting more regulations on to everything) not just to become a doctor , but to make you do anything that involves medicine , thus increasing the pay of medical professional , so that more people will pay a higher price to study in their universities , because the career will pay so much more. This bubble will eventually burst , as will anything that is overvalued . The overpaid workers at these universities , and the overpaid medical professionals (they are mostly not directly involved) , most likely be hit the hardest if the bubble burst .

Look at their net salary. 4 to 5x what you take home. If you take home 60k after taxes, you'll spend almost half on just living expenses. That leaves you with say 30 to 40k at best. Whereas the physician with a 400k gross salary is left with 200k net but also spends the same 40k, they have 160k whereas you're left with only 40k each year. Then you compound that over decades through investing. parasitic if you do the math. Not a sacrifice at all. This is why Physician families leads to more physician families. Their kid becomes a physician and goes through med school debt free because of their parents. Rich stays rich. The 400k med school loans can be paid back in less than 4 years after residency as long as you're not in FM or some low paying specialty.

We are underpaid and it’s not even close

Doctors spen their time more than decade

Me watching as an RN… pissed that someone with no bedside care experience is making that much money, and if doctors only make 8%, we must be making a fraction of a penny. Im angry lol please run a hospital without RNs and see if we are being valued as much as we are actually worth smh.

Squid Game World. We’re living in Squid Game World….

time to become an insurance salesman

*Cries in Social Work* : y’all are getting paid!? 😢

Dude - Euros are worth more than dollars and British Pounds are worth 25% more than dollars. That was the case when you made this video.

You should know that

How about the fact that AMERICA 🇺🇸 has a population of over 340 Million

While there are many med students that do not match in the first round, there is a post match SOAP program that helps them get slots into unfilled residency positions. The highest unmatch rates are for very competitive specialities - like dermatology and ophthalmology. The match program also takes into account international medical graduates who have completed the licensing exams but need a US residency. Overall, US med grads have a very high rate of ultimately getting a residency position .

They get paid more, but the costs of medical school there makes most doctors take ages to become "rich" or close to that.

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Getting in is more expensive than anywhere in the world. We probably work harder than anywhere else in the world. I am foreign trained and can verify. I paid 100$/yr in Spain, and they enter from hight school. They do not work hard at all, and the book training is excellent, but practical experience is lacking. No comparison.

They are underpaid

Thats one advantage of IMGs in the US. They dont have those student loans to begin with.

if doctors were overpaid, they wouldn't all be youtubers

Yes.

I think, as you pointed out, a huge problem is it takes doctors roughly ten years before starting their career. I think something that will not fully solve this problem but help the system is if we combine the three chains of EMS, Nursing, and Physicians. Make it mainstream where one starts their training in a class 5-6 months long which teaches the basics; and graduates fill assistant roles like B-EMT, CNA and perhaps MA (I confess I don't know the big differences between CNA and MA). It's short so those wanting to switch careers can begin work much sooner; and those who learn they are not fitted for the field, regardless of the reason, don't find themselves financially trapped in it. After working in that assistive capacity for a year or two, you begin a course for 1-2 years in a position combining Paramedic and RN. Perhaps have the option to remove clinical hours for those working at the same time. LPN like A-EMT feels redundant and only exists due to RN and Paramedic shortages, respectively. The third tier in this climb involves 1-2 years for a position involving PN, ER Physician, and Family Medical Provider. The other tiers are specialized areas. It wouldn't solve everything but getting started is cheaper and faster; and you only go as far as you want, as quick as you want. Being able to linger in lower positions to save money. I started as a B-EMT and left to learn more in a LPN course. It's nearly over but my knowledge is obviously limited. So, what critiques have you?

I thought neurosurgeons made the most, like almost all the time.

lol 240k in student loan debt is nothing when they will end up making 200-500k a year. Doctors are so overpaid for what they do. That’s why many ppl in the USA can’t even afford basic health care. Time to increase the amount of doctors in the USA so their salaries can come significantly down. The only ones who should be making 500k a year are doctors who are doing super intensive surgeries.

The hilarious thing is that mid-levels have actually been shown to increase healthcare costs with unnecessary imaging, labs, and consults. But I think that's honestly the goal. Hospitals don't want to decrease costs; they just want to squeeze patients for everything they have and get them out as quickly as possible. I once saw a patient in the MICU who was scheduled for organ harvesting later that night after a fatal drug overdose, and they were intubated and on pressors just until the surgery. In the note written by the PA that admitted them, one of the problems that was listed was "Substance Use Disorder: consider addiction medicine consult"...for a dead person. Obviously the consult didn't happen, but it shows the mindset of these "providers", which is to blindly generate ways to maximize billing instead of actually practicing medicine. This is what hospital medicine has become unfortunately, and it's pretty sad overall.

Indonesian here. You will be surprised that Indonesian residents pay for so called "tuition fee" to the hospitals 🤣.

No we are not overpaid. It cost a lot mentally, financially and socially to get here. Haters will always say that because they want us to work for free.

Maybe a complex explanation but the simple answer is that American doctors are not overpaid

Dr's are very much UNDER paid compared to the amount of schooling and sacrifice they make

wow i'm earlyy

The cost of USA’s healthcare is disgustingly higher than just about every other developed country… there is something wrong with that picture…. Substantially higher costs yet the public has worst health outcomes in some aspects.

A biased statement from the doctor’s point of view.

I would gladly pay for my physician than paying for any mid level PA/NP

Pay is based on an average experience level and then subjective focused experience is added. Specialists would of course get paid more especially regarding life saving surgeries (Not GRS) over minor things like a broken bone or tendon repair. That goes for EMTs, Nurses, and other hands-on medical workers. In any job, the more skilled a worker is, the more value he/she is and more profits they bring in. Second: Yes. Vanderbilt has a limited number of spots. You can't fit 6000 first years into one building for all the classes needed. Artificially inflated? Evidence. I can assure you the entire Medical field is and has been understaffed for decades. Again, it is all about personal skills and experience as well as what the legal laws allow that level to do on another person. Ex: I learned how to do a Cricothyrotomy on a plastic dummy as part of my training but I cannot do it on a live person. The human structures do NOT act like plastic. Those "mid-level practictioners" can also specialize which will increase their pay. I was the assistant to one and she specialized in cardiology. I agree. Paying for med school and even nursing school is in large a scam. The person's skills and experience are highly valuable and they should be paid as such but getting good people in while ensuring they get what they need is necessary. Regarding residency, for the most part they've been working on dead people.

They deserve it more than social media influencers. Doctor's are closest thing to GOD. Imagine you're loved one gets some disease/ accident. First thing you'll do is pray to god.second you'll go to a doctor. It pisses me off how tik tokers earn millions just doing videos. Uploading everyday is hard work but comparing it to Doctor's hardwork is criminal. 😂

I think doctors are underpaid still

I never thought the word " matriculate" is known in the USA

As an Australian medical student, where our average income is less than 1/3 of that at just over $105k USD, hearing that my US counterpart ears on average $340k per year sounds absolutely ridiculous. Yes, you guys accrue more debt in your schooling, with your students accruing ~$240k on average whereas in Australia it's more like $50k USD for government-subsidized places (~65-70% of all medical school places) and ~$190k USD for full fee places (30-35%). But that doesn't justify the large difference in physician average pay between the US and nearly every other developed nation. Within just 2-years of that average annual pay difference, your doctors could EASILY pay back the additional debt accrued. And as for your other points, yes they apply when comparing medicine against other professions in the US; but they don't apply when considering medicine in the US against medicine elsewhere. Because we too here in Australia ALSO have a low graduation salary ($22.50 p/hour) and the majority of us ALSO have to study for a large number of years (on average it's 6-7 years for us). So, overall, when comparing apples to apples, I think it'd be foolish to say the argument is equally weighted. American doctors ARE overpaid when compared to doctors elsewhere. And whilst it is only one of many contributors to a very terribly designed and expensive healthcare system, I think it's in bad taste to just leave it to that point and try to defend the high healthcare cost rather than advocating for and initiating change. In Australia, there is a real emphasis in our medical schools on putting the patient first and advocating for them holistically, which includes financially. Even an average salary of $100k USD sounds exorbitant to me when I could easily survive comfortably and have holidays etc. on $70k USD. What does a person even do with $340k USD a year??! I would just feel plain guilty if I was earning $340k USD whilst knowing that a concerningly large proportion of my fellow citizens couldn't even afford to see me and access even basic healthcare. It just feels wrong.

First

i think a lot of American doctor's are underpaid

First and foremost....you have no business in medicine if it's about money ...money and medicine never go together..never will

When you have doctors who are chasing money they will take actions that make sense for them financially, but not health-wise. Just like for-profit prisons seek ways to make money by imprisoning people vs rehabilitating people and making society safer. It’s the same thing.

Can we just take a minute for great, understandable and organized content. Geesh. 🥹🫶🏾