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NYU Makes Tuition Free for All Medical Students

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Re: NYU Makes Tuition Free for All Medical Students

#2
I hope this helps to decrease the costs of medical care in the US to some extent as it removes one pressure for doctors to earn extra money charging for things that might not need to be needed.

edit: Just so I am clear I know that there are lots of other influences on healthcare costs and doctor debt isn't the only pressure they face. Doctors do have some influence on cost (if not large) and if pressure on them is removed in any way some of them may choose to spend that extra time helping their patients money go further. Small early influences can have large effects on a system so I am hoping that this kind of influence might change attitudes enough to have a large longer term change.

Re: NYU Makes Tuition Free for All Medical Students

#3
post #2

I hope this helps to decrease the costs of medical care in the US to some extent as it removes one pressure for doctors to earn extra money charging for things that might not need to be needed. edit: Just so I am clear I know that there are lots of other influences on healthcare costs and doctor debt isn't the only pressure they face. Doctors do have some influence on cost (if not large) and if pressure on them is re…

I hope so too, but I can't see why it would. The market forces would be the same.

I have no student debt but I still would take a higher-paying job, all else being equal. Not sure why it would be different for doctors.

I'm not an economics expert so please let me know if this is a well-studied question and I'm just talking out of my ass.

Re: NYU Makes Tuition Free for All Medical Students

#4
This is amazing. I graduated from medical school two years ago with $300,000 in debt. I'm a software developer on the side and would love to stop residency to try a healthcare startup and/or pursue a research, but the risk is too great - I need the attending salary to pay off the debt.

Re: NYU Makes Tuition Free for All Medical Students

#5
Huge. I went private for my medical school education and came out of it with about $190K in debt. Fortunately I didn't have any undergrad debt.

But I liked family practice, and I like public health, and I'm proud to work in those fields. I definitely understand the push to go to higher-paid specialties with a burden like that, though.

Re: NYU Makes Tuition Free for All Medical Students

#6
post #2

I hope this helps to decrease the costs of medical care in the US to some extent as it removes one pressure for doctors to earn extra money charging for things that might not need to be needed. edit: Just so I am clear I know that there are lots of other influences on healthcare costs and doctor debt isn't the only pressure they face. Doctors do have some influence on cost (if not large) and if pressure on them is re…

I hope so too, but I can't see why it would. The market forces would be the same. I have no student debt but I still would take a higher-paying job, all else being equal. Not sure why it would be different for doctors. I'm not an economics expert so please let me know if this is a well-studied question and I'm just talking out of my ass.

Sure you might take a higher paying job but you might not take one that goes against your values just for money if you don't need it.

Re: NYU Makes Tuition Free for All Medical Students

#7
post #2

I hope this helps to decrease the costs of medical care in the US to some extent as it removes one pressure for doctors to earn extra money charging for things that might not need to be needed. edit: Just so I am clear I know that there are lots of other influences on healthcare costs and doctor debt isn't the only pressure they face. Doctors do have some influence on cost (if not large) and if pressure on them is re…

From my (limited) understanding, the high cost of malpractice insurance that doctors must pay is what drives up the cost of healthcare, more so than their student debt.

Re: NYU Makes Tuition Free for All Medical Students

#8
post #2

I hope this helps to decrease the costs of medical care in the US to some extent as it removes one pressure for doctors to earn extra money charging for things that might not need to be needed. edit: Just so I am clear I know that there are lots of other influences on healthcare costs and doctor debt isn't the only pressure they face. Doctors do have some influence on cost (if not large) and if pressure on them is re…

I hope so too, but I can't see why it would. The market forces would be the same. I have no student debt but I still would take a higher-paying job, all else being equal. Not sure why it would be different for doctors. I'm not an economics expert so please let me know if this is a well-studied question and I'm just talking out of my ass.

I think, and would hope, that medical school interviews would help to weed out those who are just in it for the money. Even in highly-paid specialties, you have to want to do the work you do.

Were there people in my class who were in it largely for the prestige, etc.? Sure. Those people tended to go into high-profile specialties like plastics. But they were the minority, and I think that schools recognize in general these types of students are bad for the profession.

Re: NYU Makes Tuition Free for All Medical Students

#9
post #4

This is amazing. I graduated from medical school two years ago with $300,000 in debt. I'm a software developer on the side and would love to stop residency to try a healthcare startup and/or pursue a research, but the risk is too great - I need the attending salary to pay off the debt.

If I may ask, how exactly do you have the time to be both a resident and a software developer? There aren't enough hours in the day. Do you even sleep?

Re: NYU Makes Tuition Free for All Medical Students

#10
post #4

This is amazing. I graduated from medical school two years ago with $300,000 in debt. I'm a software developer on the side and would love to stop residency to try a healthcare startup and/or pursue a research, but the risk is too great - I need the attending salary to pay off the debt.

>I'm a software developer on the side and would love to stop residency to try

according to TV series residents don't even have time to sleep :)

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