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Subject:
Become a Doctor vs. Become a Lawyer, Tort Reform: Question & invite comments.
Category: Miscellaneous Asked by: schmooz-ga List Price: $25.00 |
Posted:
25 Jun 2003 17:48 PDT
Expires: 25 Jul 2003 17:48 PDT Question ID: 221789 |
Can I get recent statistics for how many undergraduates or graduates are making the choice to become Doctors and how many under graduates and graduates are making the choice to become attorneys? Is this becoming a problem because of the large damage awards and malpractice insurance? Because we seem to live in a society that rewards victimism, the rewards seem obvious for becoming an attorney. With insurance companies cutting fees that are allowed for all medical procedures and insurance companies being forced to raise malpractice premiums to a punitive amout for doctors to pay - what insentive is left to become a doctor and how do you see this affecting our future? Researchers and Researchers and commenters: What do you think about Tort reform and caps on a single medical event or terrorist attack? It is my understanding that insurance companies have no problem with projected loss of income due to acts of terrorism or medical. It is the massive millions that are awarded in punitive damages that are the problem. How do you see Tort reform. Should there be a cap on medical events? On acts of terrorism, should the awards be capped at projected life income or should the large punitive damage awards be allowed?terrorist The question will be answered by providing me the information on students choosing medicine and students choosing Law + this one more answer to a rumor I have tried to research. I have heard that after 9/11, the insurance companies did not have problems with settlements involving loss of projected income. However the punitive damage awards caused them to withdraw from issuing insurance policies on new buildings in New York and buildings being sold. Because the insurance companies were pulling out, the Federal Governmet stepped to the plate and now is the insurer, subject to pay-out of any future punitive damages for the next terrorist acts. Is this true? Do any of you think that there is a political figure to take tort reform on? Please - all researchers, any readers - I invite your comments. Pink Freud you too. I am a mortgage broker and in no way connected to doctors, attorneys or insurance companies. Please, all of you comment. My Comment: Our local Florida Hospital, one of the 100 top hospitals, can no longer afford to have a staff Neurological surgeon because they have to pay over $250,000 per year on malpractice insurance. |
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Subject:
Re: Become a Doctor vs. Become a Lawyer, Tort Reform: Question & invite comments.
Answered By: pinkfreud-ga on 26 Jun 2003 16:07 PDT Rated: ![]() |
Hello again, Carolyn! It's always nice to get a good, meaty question like this one. After a while, a Researcher enjoys a question a bit more substantial than "What brand of socks does James Bond wear?" or "Why are some bellybuttons 'outies'?" ====================================================================== Apparently new lawyers outnumber new doctors by more than 2 to 1. Each year, schools in the United States are graduating about 40,000 new lawyers, and only about 15,000 new doctors. "There are more than one million practicing lawyers in the United States today. Over 50,000 men and women enter law school each year and more than 40,000 become new lawyers each year." A Good Lawyer http://www.agoodlawyer.com/ "Law schools routinely graduate 40,000 new lawyers each year." Negotiating Skills http://www.negoskills.com/situation.html Some interesting reading: Rensselaer Polytechnic Institute: Lawyers, An American Epidemic http://www.rpi.edu/~verwyc/Chap4law.htm "Meanwhile, the United States is sending home 8,000 American-trained foreign physicians each year, if they like it or not. And 8,000 new docs are imported to replace them. Universities and hospitals have to fill 23,000 residency slots each year, but American medical schools mint only 15,000 new doctors a year. Foreign docs take up the slack." Memphis Business Journal: Doc program targets need in rural areas http://www.visalaw.com/news/mbj20030317.htm "About 25,000 physicians start a new practice each year, he said. That includes established doctors who move to a new job and about 15,000 new doctors just finishing their residencies." Sunday Gazette-Mail: Hinton native brings recruitment business home http://sundaygazettemail.com/news/Business-20030209/ Regarding your question about insurance companies in the wake of 9/11, these articles may be of interest: New York City Partnership http://www.nycp.org/2001_news/NPR_06_14_02.pdf Insure Against Terrorism http://www.insureagainstterrorism.org/facts_faq.html ====================================================================== More interesting reading: Liberty Haven: Are There Too Many Lawyers? http://www.libertyhaven.com/politicsandcurrentevents/constitutionscourtsandlaw/theretoolawyers.shtml American Academy of Orthopaedic Surgeons: Study finds per capita rate of malpractice lawsuits relates to number of lawyers http://www.aaos.org/wordhtml/press/mal.htm National Review: Americas Medical Enron http://www.nationalreview.com/comment/comment-howard100302.asp Forbes: The Tort Mess http://www.forbes.com/forbes/2002/0513/090.html American Association of Health Plans: Medical Malpractice Lawsuits by the Numbers http://www.aahpechochamber.org/malpractice/numbers.cfm Overlawyered.com: Litigation vs. good medicine http://overlawyered.com/topics/medical.html ====================================================================== Search terms used: "new lawyers" + "each year" "new lawyers" + "every year" "new doctors" + "each year" "new doctors" + "every year" "malpractice insurance" "tort reform" ====================================================================== Thanks for asking an interesting question, and thanks for accepting my comment as the answer. I hope we'll attract a few remarks from Researchers and commenters who are doctors and lawyers. I'd like to close with a quote from Lin Yutang. A physician of my acquaintance had this engraved on a brass plaque that he kept on his desk: "Where there are too many soldiers, there is no peace. Where there are too many lawyers, there is no justice." Best wishes, pinkfreud | |
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schmooz-ga
rated this answer:![]() More than I expected. Thank you so much. How do I add a bonus to this rating? |
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Subject:
Re: Become a Doctor vs. Become a Lawyer, Tort Reform: Question & invite comments.
From: neilzero-ga on 26 Jun 2003 04:37 PDT |
My personal opinion is lawyer boo hiss. This perception is growing among the general public and successful people. A correction is likely soon in the USA, resulting in a huge glut of lawyers. On the other hand, too many doctors is improbable in the coming decade or two, and the potential for self-esteem is much better as a doctor even if victimization continues to be acceptable for another decade. The true victims are the people who have to deal with lawyers. Neil |
Subject:
Re: Become a Doctor vs. Become a Lawyer, Tort Reform: Question & invite comments.
From: pinkfreud-ga on 26 Jun 2003 14:00 PDT |
Apparently new lawyers outnumber new doctors by more than 2 to 1. Each year, schools in the United States are graduating about 40,000 new lawyers, and only about 15,000 new doctors. "There are more than one million practicing lawyers in the United States today. Over 50,000 men and women enter law school each year and more than 40,000 become new lawyers each year." A Good Lawyer http://www.agoodlawyer.com/ "Law schools routinely graduate 40,000 new lawyers each year." Negotiating Skills http://www.negoskills.com/situation.html Some interesting reading: Rensselaer Polytechnic Institute: Lawyers, An American Epidemic http://www.rpi.edu/~verwyc/Chap4law.htm "Meanwhile, the United States is sending home 8,000 American-trained foreign physicians each year, if they like it or not. And 8,000 new docs are imported to replace them. Universities and hospitals have to fill 23,000 residency slots each year, but American medical schools mint only 15,000 new doctors a year. Foreign docs take up the slack." Memphis Business Journal: Doc program targets need in rural areas http://www.visalaw.com/news/mbj20030317.htm "About 25,000 physicians start a new practice each year, he said. That includes established doctors who move to a new job and about 15,000 new doctors just finishing their residencies." Sunday Gazette-Mail: Hinton native brings recruitment business home http://sundaygazettemail.com/news/Business-20030209/ Regarding your question about insurance companies in the wake of 9/11, these articles may be of interest: New York City Partnership http://www.nycp.org/2001_news/NPR_06_14_02.pdf Insure Against Terrorism http://www.insureagainstterrorism.org/facts_faq.html |
Subject:
Re: Become a Doctor vs. Become a Lawyer, Tort Reform: Question & invite comments.
From: aceresearcher-ga on 26 Jun 2003 21:23 PDT |
Schmooz, Several states, led by Pennsylvania, are now experiencing a severe loss of physicians which has resulted in crisis-proportion difficulties for patients in finding a doctor. Because of the horrendous "pain and suffering" multimillion-dollar awards which have become commonplace, physicians (even those who have never been sued) are now frequently being told that the renewal amount for their malpractice insurance coverage will cost more than the profit they make from their practice in a year. Consequently, many physicians are moving to other states, or retiring and closing their practices permanently. I have read horror stories about pregnant women having to drive several hours to another state just to find an obstetrician to provide them with prenatal care and follow them through the delivery. As we reap, so we sow. While those who have suffered injury or loss due to negligence or malfeasance by a physician should certainly have recourse to compensation, I recently read that around 2/3rds of malpractice suits that are filed are spurious -- that is, without real merit. In one case I know of personally, the suit named not only the surgeon (who did a bad thing), it also named the hospital, the radiologist, and the pathologist -- all of whom performed their roles perfectly, and none of whom were at fault. At the deposition, the plaintiff asked who all the other people present were, because she only had a problem with her surgeon. Her attorney, unbeknownst to her, had decided to sue everyone else as well, in order to get just as much money as he possibly could -- after all, he would be keeping 1/3rd of whatever he could get in settlements and awards. The people who cry loudly against tort reform are not telling you that it will NOT affect compensation awarded for reasonable calculation of lost wages over a remaining lifetime, for expensive medical care that will be required on an ongoing basis for the rest of the claimant's life, or for other **demonstrable** losses. What tort reform WILL do is cap "pain and suffering" damages at $250,000. Let's be honest -- while we all know of people who have had justifiable claims, we also know of a lot of people who are looking for a free ride to Easy Street, and who have no compunction about lying and/or placing blame where none exists, just so they will never have to work a day in their life again. In addition, we as a society are also to blame for expecting medicine to be able to fix anything and everything. We think that if someone dies, or a procedure or treatment does not work, or if a patient's outcome is otherwise not what we hoped it to be, instead of accepting the fact that medical science -- however advanced it may have become -- simply can NOT fix EVERYTHING, we have to find someone to blame. Perhaps this is because it is so difficult for humans to accept that there is not a solution for everything. If so, we need to get over it, stop expecting Physicians to be able to work miracles every time, and stop blaming them if they are not able to do so. Our collective greed as a nation (and that of our attorneys) in attempting to collect just as much money as we can, especially in circumstances where the physician is not at fault, is destroying our own ready access to qualified, competent physicians. Tort Reform, while not a perfect solution, would go a long way toward stopping the hemorrhaging loss of physicians from the pool of health care practitioners currently available to us. It's not too late, if we do something about it NOW. Regards, aceresearcher |
Subject:
Re: Become a Doctor vs. Become a Lawyer, Tort Reform: Question & invite comments.
From: politicalguru-ga on 27 Jun 2003 02:55 PDT |
Dear schmooz, As much as I find your observations intersting and somewhat true, I am not sure that one could identify a direct relations between the general attitude/ vicitimization and the fact that there are two new lawyers on each new physician. You have to consider that: (1) It is much more difficult to get accepted into most med-schools as it is to most law-schools (2) Tuition might be higher (in real terms or because you pay longer) (3) You have to excel, or at least understand, sciences, to succeed in med-school. Law school students could have only strong analytical mind, without any ability to disect a frog or analyse a chemical formula. The level of science education in American schools has been long criticised as not developing interest and abilities to study science as a career. Speaking of earlier education, it could be also claimed that our educational system directs us to think on our profession in terms of money, and not in idealistic terms of contribution to society. (4) A thirty-year-old who graduated from a law school could be already half-way to partnership, or at least hold a steady position. Her peer from the medical school, is lucky if she just got her MD and began to work. (5) A forty-year-old lawyer could work 9-5 in most places (if they hold no special ambitions); a forty-year-old physician works in most places (that is, clinics) in shifts or long hours, and should be always on the call. All these factors and many more could be influential in the preference of law-school on med-school, while the "insurance" factor might be secondary and impact mostly people who are already in med-school (in their decision to drop-out) or already physicians. |
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