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Doctors' salaries watch

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    Guys lets say in the next 5/10 years the NHS does become privatised what do you think would happen to doctors salaries? Would they increase/decrease or stay the same?
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    We're not going to prepare your interview answers for you, think about it yourself. An interviewer will ask for your opinion on what would happen, not ours.
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    (Original post by not you)
    We're not going to prepare your interview answers for you, think about it yourself. An interviewer will ask for your opinion on what would happen, not ours.
    Calm down mate maybe he is just wondering
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    Depends on supply and demand.
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    Depends how the UK decides to do its privatisation. If it goes along the American route then certain specialties (derm/radiology/ophth) will make a killing whilst others (A&E/acute/psych) probably won't. On the whole, drs salaries might well go up - and that shows just how dedicated doctors are to patient care that they wouldn't accept such a system even if it would benefit them the most!
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    (Original post by ChemBoss)
    Guys lets say in the next 5/10 years the NHS does become privatised what do you think would happen to doctors salaries? Would they increase/decrease or stay the same?
    It won't matter too much - In a deflationary time period everyone gets poorer. Its all about who gets poorer less.
    Consider that its highly unlikely that any young person here, will ever be as asset rich and wealthy as today's 50 something consultants- who have probably paid off their mortgages and look forward to gold plated pensions.
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    (Original post by not you)
    We're not going to prepare your interview answers for you, think about it yourself. An interviewer will ask for your opinion on what would happen, not ours.
    Aren't you a bag of fun.
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    (Original post by Democracy)
    Depends how the UK decides to do its privatisation. If it goes along the American route then certain specialties (derm/radiology/ophth) will make a killing whilst others (A&E/acute/psych) probably won't. On the whole, drs salaries might well go up - and that shows just how dedicated doctors are to patient care that they wouldn't accept such a system even if it would benefit them the most!
    This might be true in the US but doesn't reflect how supply and demand is likely to affect a privatised system if the NHS were to collapse. There are huge doctor shortages in A&E/acute/psych that are likely to influence salaries in an open market place. 50% of A&E trainee slots are currently vacant.

    Incidentally, emergency physicians are among the better paid specialists in the USA.
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    (Original post by MonteCristo)
    This might be true in the US but doesn't reflect how supply and demand is likely to affect a privatised system if the NHS were to collapse. There are huge doctor shortages in A&E/acute/psych that are likely to influence salaries in an open market place. 50% of A&E trainee slots are currently vacant.

    Incidentally, emergency physicians are among the better paid specialists in the USA.
    I largely agree with Democracy.

    One of the first things to change in privatised healthcare is the source of healthcare demand. Demand for things like radiology and surgery goes up as patients demand procedures/scans and doctors get paid per unit workload so of course they go ahead and do it. On the other hand, poorer communities are over-represented in current demand for things like A&E and psychiatric services. If you make it a pay for service then these people are pushed out and demand decreases.

    What would actually happen would depend on the type of privatisation and a number of other factors.
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    I've no doubt that the ultimate winners would be the procedure-based specialists but it's hard to imagine that an open market wouldn't reward those in under-resourced specialties in the short-term. Of course that's assuming that the private sector was willing to take any responsibility for emergency care as it is unlikely to be profitable any time soon.

    Oddly, emergency physicians in the US are very well remunerated and, given its short training pathway (3 years post-medical school !), it is one of the most competitive specialties among new doctors. I agree that this isn't intuitive given that emergency patients are less likely to insured, etc.
 
 
 
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