Originally posted by wessongroup
Pretty interesting topic ..
Ya gotta love the work ... as it does take a lot of trade off's... in one's life to get to do what one wants and like's ..
Sounds pretty tough ... SOB.
"Financing residency programs
The Department of Health and Human Services, primarily Medicare, funds the vast majority of residency training in the US. This tax-based financing
covers resident salaries and benefits through payments called Direct Medical Education or DME payments. Medicare also uses taxes for Indirect Medical
Education or IME payments, a subsidy paid to teaching hospitals that is tied to admissions of Medicare patients in exchange for training resident
physicians.[14] Overall funding levels, however, have remained frozen over the last ten years, creating a bottleneck in the training of new physicians
in the US, according to the AMA.[15] On the other hand, some argue that Medicare subsidies for training residents simply provide surplus revenue for
hospitals which recoup their training costs by paying residents salaries (roughly $35,000 per year) that are far below the residents' market
value.[16][17] Nicholson's research suggests, in fact, that residency bottlenecks are not caused by a Medicare funding cap, but rather, by Residency
Review Committees (which approve new residencies in each specialty) which seek to limit the number of specialists in their field to maintain high
incomes.[18] In any case, hospitals trained residents long before Medicare provided additional subsidies for that purpose. A large number of teaching
hospitals fund resident training to increase the supply of residency slots, leading to the modest 4% total growth in slots from 1998–2004.[15]"
[edit]
http://en.wikipedia.org/wiki/Residency_(medicine)
Good luck on effecting change... In Mexico ... NOW there is a topic, hell we can't get right NOB ...
[Edited on 2-26-2012 by wessongroup] |