Medical School Debt

The  the health information technology company Epocrates  surveyed 1,015 students at more than 160 medical schools nationwide and found that their medical school debt is their biggest challenge in life.  The average student debt is $162,000 for allopathic students and $205,674 for osteopathic medicine students.  Eighty-six percent of allopathic medical school graduates and 91% of osteopathic medicine college graduates had educational debt in 2011.  You can read the American Medical News article here.  “In a separate question, students were asked about their concerns as future physicians. Fifty-three percent cited being a good physician as among their biggest concerns, 47% mentioned balancing work and personal life, and 30% said they were worried about paying off student loans.”  So, let’s summarize:

  • Big debt, high worry, lowest paying specialty – THIS IS WHY NO ONE IS GOING INTO PRIMARY CARE

 

 

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  1 comment for “Medical School Debt

  1. October 6, 2012 at 5:20 pm

    Right on the money (actually, not money, more like an I.O.U)

    With Obamacare’s aim to eradicate commercial insurance and launch ‘the public option’ thus reducing 95% of all reimbursement to 40 cents on the dollar, no one will be going into Primary Care, and few will be able to afford to stay in the game. I’m looking at other options…I have to. I keep hoping to catch the hospital committing Medicare fraud and I just happen to be the whistleblower…$20,000 fine per count, and the whistleblower gets 5% of the total fine…I might be able to retire with that…

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