QUOTE(Py80 @ Jan 30 2020, 06:21 PM)
Hi Sean
I get the feeling you are unsatisfied by someone earning 200K / month.. especially doctors.
But you are applying the moral argument of a high
fixed salary in a
self employed , pay for service rendered work model.
For example... In fixed salary situation.. like Directors or employees, you can questions their value. Why pay 100K for a foreign CEO , when a local one can do the same job for 70K ? (the local may do an even better job than the foreigner). Therefore you are right to question the salary in this situation.
For a doctor, its a pay per service model... the charges are the same across the board in Malaysia and go according to the type of consult or procedure done.
You're not going to ask you GP to remove your appendix are you? So you see a surgeon. The total fee for emergency appendicectomy is say 3000rm,.. that for all surgeons.. regardless of complexity of the case even.
You want the famous surgeon ? go ahead, its your choice.. free to choose in private market.. everyone wants the famous guy. So famous surgeon is operating everyday at the SAME fee rate as less famous surgeon... but because more people want him, he has many cases and earns his 200K / month.
This is fair. Unless you want to say.. you can't operate more than certain amount of cases to limit the income. or Restrict the charges? Then the less busy surgeons who charge the same will drop off and competition drops further.. we are already one of the cheapest private markets in the world btw.
If he over charges for medications, the patients will buy in outside pharmacy. If a Dr recommend doing tests that the patient don't think is needed... The patients will go elsewhere for second opinion. like I said.. water will find its own level.
I know him personally. His only crime was to under declare tax. Not medical negligence or misconduct
All i can say is .. his patients LOVE him.. they bring their whole family to see him.. His own patients are very reluctant to see other doctors when he is not around..
His income was over 500K / month at its peak. But he has since slowed down. He does scans and heart tests in his own clinic which is why he earns more, he does it than cheaper than the main hospitals charges
Did he over investigate? .. probably, but his patients love him for not missing anything or picking up things that other doctors dismissed as not important..
High income doctors are all over la... like someone said.. the best will always rise..
Gleneagles famous Urologist. Earns 400K /month in his early 40s. People choose to go to him because they hear about what he can do and he explains well etc etc.. he has a VIP clientele because of his discretion and expertise in sex related disorders.
What I am trying to say is,.. the market is very complicated. you can't just say there someone earning XXX amount and its immoral and bad.. its actually their earned income by volume and service rendered.. also, like everyone else has mentioned, there is 60% of doctors in private (excluding GP) who don't pass 50-60K / month .
Haha yea i guess i do sound like that😂 But my point is that in most professions no matter how hard you worked, even reaching rm30k a month is considered extremely high. However for most of the private doctors, reaching 200k-300k a month is just plain absurd. If you are telling me that only less than 10 doctors in Malaysia make that money then probably it's understandable. But if a significant number make that amount, how is that justified? I know it depends on volume and procedures, but everyone is limited by the number of hours in a day thus limiting the number of patients that they can see and procedures that they can do.
The doctor that you quoted, rm500k a month just shows how crazy the private sector is. This only shows that the prices they charge is sky high and this will just result in more people in the public sector or ever increasing insurance premiums. There are hardworking and smart people in every profession, who also contribute to the nation and economy. But you rarely hear of these astronomical amounts of income. Doesn't justify just because someone is a doctor. Its just another profession, so they shouldn't get away with charging sky high prices. Afterall healthcare is a basic human right. If the private sector goes off course, we all will be impacted in longer waiting times in public hospitals. Just because doctors want to rake in the moolah, the public shouldn't pay the price.
Even doctors in America, the world's most expensive healthcare market, on average have doctors earning usd300k to usd600k per annum. The really good ones will reach millions per year, and these people are usually in the news because they are really famous. The cardiologist in Gleneagles is only now well known coz he dodged taxes. Malaysia is a developing economy, with gdp per capita miles below those of the US. And if our doctors already have the earning capacity of their US counterparts, it shows something is seriously going awry with our private sector model. However great a doctor can be, try saying that to patients who get turned away when they can't make a payment at the emergency department due to insufficient insurance coverage, or when complicated/botched cases get sent to the government hospitals. I have seen all these with my own eyes, so I get even more of the impression that not doctors are angels.
Sorry if I come across as crass or unsatisfied, but my personal opinion is that doctors should just be like any other profession, more so when healthcare costs can make or break people's lives. Sorry again if I offended anyone, I just feel strongly about this. More so when I hear of medical graduates telling me that the reason they became doctors is because they want to become rich and live a good life. So its a self feeding phenomenon and doesn't do good for Malaysians in the long term. All said and done, I have utmost respect for all the doctors out there who are passionate about their jobs and have the patient's best interest at heart. Hats off to them and I thank them for their hard work, especially specialists who chose to stay in the public sector.