Docs only get 7.3% of the Pie

Physicians are paid 7.3% of our total national health expenditure:

According to the Bureau of Labor Statistics, the aggregate median salary for every healthcare provider totals $966,992,011,000. 

The ~1 million physicians get paid $262,332,755,000. That’s $262.3 Billion out of a total $3.6 Trillion spent on healthcare in 2019. 

Physicians get paid 7.3% of the total amount spent on healthcare.

Wow.

What was more disturbing to me, however, is that 73% goes to non healthcare providers. I wonder who they may be?

This is how we fix healthcare. Get rid of 90% of the administrators as a start.

You can read more about what Brennen Hodge is doing here.

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