05-22-2015, 01:35 PM
After that, they get to pay off those medical school bills...
Is that any different than the expense of a post-graduate degree in any discipline? I do not think so. Even though for doctors considering the 12 - 13 years of post-graduate education they must finance the numbers are higher than most. Conversely the salary that can then be expected is equivalent with the debt load. Otherwise the system would be untenable. So holding out that line as HOTPE did is nonsense.
I have a couple of close friends that just got done with their residency and are making greater than 500k the first year, and have no problem with paying off their loans. Though they choose to stay on the mainland where their earning power is greater until their loans are paid off instead of returning to Hawaii where they grew up and hope to practice in the long run.
There is also a program that funds a lot of doctors that come here (the Bay Clinic is very adept at taking advantage of it) that pay off a young doctors tuition expenses in exchange for a three year commitment to work in rural America, which the entire Big Island is considered. It is called the National Health Service Corps (NHSC)
http://nhsc.hrsa.gov
and has been instrumental in bringing many doctors to the island that aren't ready to be more aggressive about their finances as yet and still want to develop a relationship with a community etc. and get their loans paid off. Unfortunately the Bay Clinic has taken serious criminal advantage of this program and many doctors have left to go back to the mainland after their three year commitment is over because of their mismanagement.
The real problem in Hawaii is the absence of serious tort reform. For that we have our state congressional body to thank. They're gutless methinks. Nationally, I believe, it is the continued profit based model of healthcare in general. As long as there are insurance companies involved the entire population is being held hostage to the greed of a few. Obamacare would have been great had the Republicans not screwed it up by insisting on the retention of the insurance industry. Why we would allow others to make a profit on our healthcare needs is absolutely mind boggling. And, a good example of what I mean when I say our society is unhealthy.
Is that any different than the expense of a post-graduate degree in any discipline? I do not think so. Even though for doctors considering the 12 - 13 years of post-graduate education they must finance the numbers are higher than most. Conversely the salary that can then be expected is equivalent with the debt load. Otherwise the system would be untenable. So holding out that line as HOTPE did is nonsense.
I have a couple of close friends that just got done with their residency and are making greater than 500k the first year, and have no problem with paying off their loans. Though they choose to stay on the mainland where their earning power is greater until their loans are paid off instead of returning to Hawaii where they grew up and hope to practice in the long run.
There is also a program that funds a lot of doctors that come here (the Bay Clinic is very adept at taking advantage of it) that pay off a young doctors tuition expenses in exchange for a three year commitment to work in rural America, which the entire Big Island is considered. It is called the National Health Service Corps (NHSC)
http://nhsc.hrsa.gov
and has been instrumental in bringing many doctors to the island that aren't ready to be more aggressive about their finances as yet and still want to develop a relationship with a community etc. and get their loans paid off. Unfortunately the Bay Clinic has taken serious criminal advantage of this program and many doctors have left to go back to the mainland after their three year commitment is over because of their mismanagement.
The real problem in Hawaii is the absence of serious tort reform. For that we have our state congressional body to thank. They're gutless methinks. Nationally, I believe, it is the continued profit based model of healthcare in general. As long as there are insurance companies involved the entire population is being held hostage to the greed of a few. Obamacare would have been great had the Republicans not screwed it up by insisting on the retention of the insurance industry. Why we would allow others to make a profit on our healthcare needs is absolutely mind boggling. And, a good example of what I mean when I say our society is unhealthy.