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Medical doctor salaries vary widely, and may depend on specialty, geographic location, and institutional. ... Medical Doctor Salary Overview. Phil Rosenberg. Updated July 14, 2016 at 8:59 PM.
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [ 2 ] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings.
Approximately 93% of the working population in the United States are employees earning a salary or wage. [1] Typically, cash compensation consists of a wage or salary, and may include commissions or bonuses. Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.
While an impending "doctor shortage" has been reported, from 2010 to 2018, the actively licensed U.S. physician-to-population ratio increased from 277 to 301 physicians per 100,000 people. Additionally, the number of female physicians, and osteopathic and Caribbean graduates have increased at a greater percentage.
In 2012, the gross average salary for doctors in Canada was CDN$328,000. Out of the gross amount, doctors pay for taxes, rent, staff salaries and equipment. [90] In Canada, less than half of doctors are specialists whereas more than 70% of doctors are specialists in the U.S. [91] Canada has fewer doctors per capita than the United States.
Before RVUs were used, Medicare paid for physician services using "usual, customary and reasonable" rate-setting which led to payment variability. [2] The Omnibus Budget Reconciliation Act of 1989 enacted a Medicare fee schedule, and as of 2010 about 7,000 distinct physician services were listed. [ 2 ]
As of 2015, about 14.1 million people were insured privately, including in self-funded plans; 1.3 million were in plans regulated by the CDI and 12.7 million were in plans regulated by the DHMC. [9] Kaiser Permanente had about 50% of the market, followed by Blue Shield of California, Anthem Blue Cross, and Health Net (a subsidiary of Centene). [9]
IMG physicians are more likely to enter primary care specialties than US MD physicians. [16] As of 2007, IMG physicians represented 36% of internal medicine physicians, 29% of anesthesiologists, 31.4% of psychiatrists, 28% of pediatricians, 17.8% of family physicians, 17.8% of OB/GYNs, 18.8% of radiologists and 20% of general surgeons. [16]