09-27-2011, 03:44 PM
(09-27-2011, 03:35 PM)kandrathe Wrote: The math needs to work out. Figure the average doctor leaves college with at least $100K, and probably more like $150K in loans (unless you are ivy league). The current average starting salary (depending on specialty) varies between about $100K and $350K. So, I would give them $100K salary and pay off at the same rate as peace corps (15% for the first two years, 20% for two additional years.) The net cost (above their service earned salary) would be about $27K per year per doctor, while the benefit would be (less the $100K) more like $50K to $75K average per year per doctor. As the number of physicians increases in the market, the salaries would begin to decrease and so a mechanism would need to be in place to adjust the rates accordingly. Use the same methodology for nursing.
How is this scheme any different from the government just hiring doctors straight out of med school?
-Jester