In Canada our GPs are paid approximately $31 for a regular visit. They pay their overhead out of this $31 and still typically keep 65-70% of their billings.
It's amazing that the billing costs in the US are a factor of magnitude higher.
I wonder how salaries for nurses and doctors compare in the US vs Canada. Do you happen to have any data on that (or know of a good government source for it in Canada)?
I know that compared to much of first world Europe, our nurses and doctors often make two to four times as much as their counter parts there. Wonder if that's true compared to Canada as well.
In my province of BC, all payments from the Medical Service Plan (MSP is our public insurance system which costs Canadians a maximum of $65/mo or as little as $0 for low income individuals) publishes all annual payments to physicians:
If you take away the need to pay back six-figure student loans and tens of thousands each year for malpractice insurance - then much more of that money stays in the doctors pocket.
Doctors in Europe live quite well, and don't have as ridiculous workhours as the numerous USA examples listed, or the suicide problem.
Tuition at UBC med is $16,000 per year and many students qualify for up to $100,000 in bursaries. After 4 years of academics there is a paid residency. It's not a huge salary (~$50k) but enough to avoid going into debt.
What is the malpractice liability exposure for a Canadian doctor? In the US, malpractice insurance is a huge expense for most doctors, and for some specialties (e.g. obstetrics) it's very close to prohibitive.
It's amazing that the billing costs in the US are a factor of magnitude higher.