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Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

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Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#81
post #73

Earlier quoted context omitted.

I reckon that in France, you can become a doctor without capital— although studies are long and absolutely not designed to help the student work a job part time, so there's an underlying social factor at play; gov help doesn't target 18-25s for some reason (most benefits start at 25). It's not perfect, but it's certainly better than having to spend mid-five figures. That the student learns law, medicine, math, physic…

> It's not perfect, but it's certainly better than having to spend mid-five figures. It costs a lot more than that to become a doctor in the US. Typical student loan debt for doctors is well into 6 digits. https://www.bestmedicaldegrees.com/is-medical-school-worth-i...

Correct, but I don't know a single doctor in the US who actually paid it upfront instead of taking out all those loans and then easily paying them back with their newfound doctor salary later.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#82
post #73

Earlier quoted context omitted.

I reckon that in France, you can become a doctor without capital— although studies are long and absolutely not designed to help the student work a job part time, so there's an underlying social factor at play; gov help doesn't target 18-25s for some reason (most benefits start at 25). It's not perfect, but it's certainly better than having to spend mid-five figures. That the student learns law, medicine, math, physic…

> It's not perfect, but it's certainly better than having to spend mid-five figures. It costs a lot more than that to become a doctor in the US. Typical student loan debt for doctors is well into 6 digits. https://www.bestmedicaldegrees.com/is-medical-school-worth-i...

Ouch. Worse than I thought. I suppose it's correlated to eventual revenue— doctors aren't nearly as rich in Europe, although they are clearly among the top earners. (what filoleg suggests in the other reply)

There's an underlying premise, I think, that countries like France or Germany seek to minimize the cost of healthcare in general, because the bill is collectively paid— the bottom line is a direct cost on GDP, that's what mutualizing bills means i.e. "social security", beyond that the whole socialistic apparel of redistribution of (some % of) wealth.

Artificially inflating any of these mutual bills simply means that some (people, corporations, the medical field entirely including drugs and supplies) would take more than they should from all others, financially. Starting with having to buy their way in the field (exactly the kind of artificial gating that modern democracies sought to remove, historically; long-term it's no better than saying "voting costs $100k per person").

It's a form of inner competition at a national level, because the enrichment of some hampers the velocity of the whole towards the core mission. It's a huge distraction, at best.

In layman terms: because I'm gonna charge 200 instead of 100, the country can only buy N/2 worth of what I do. If "I" is the entire field of medicine drugs/supplies/infra, we only cure half what we could, but I personally get 2x profits. It's wrong on every level when we're talking about mutual bills.

But in the USA, the bills are not (yet) mutualized, not enough of them... so there is no incentive to keep costs low and treat as much as we could, because microeconomically, it makes more sense for the field of medicine to increase its relative profit. Unless you add the macroeconomic coupling, that bills are mutualized and everybody pays them at the end of the day, it just can't / won't change imho.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#83
post #35
post #14

Recently, I was thinking about what I'd do if I retire early. I pretty much settled on going and getting a PhD in chemistry. Why? I always enjoyed chemistry and research. I would be doing it because I find it interesting, not for the multitude of reasons for my career choices so far - money, geography, future potential growth.

I have heard that getting a PhD can be so political and soul destroying that only those that really need or want it or have no other better options make it through. Not sure how universal that is though.

From the PhDs I know, yes, it's true. Grad school can be brutal, but there are a few ways around that:

1. Most of the "soul destroying" aspect of graduate school is because you're at your PIs mercy when it comes to landing a post-doc or industry position. Without a good reference from your PI, you're truly screwed. If I were to do a PhD in retirement, I don't need any of that. Worse comes to worse, I can just leave.

2. I would also find a PI who was later on in years (professor emeritus)? They've been there, done that, have a steady flow of grant money and nothing to prove. I worked with a prof like this in school and he came into the lab purely out of enjoyment of science. Screw the grind.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#84
post #27

Earlier quoted context omitted.

Working on public policy is a worthwhile (and uphill) fight for sure. But it lacks imagination to suggest that impact at scale isn't possible in tech (examples: robust low cost medtech for non G7 economies, same for finance in those markets, support systems for large scale NGO efforts, access to justice efforts, etc. etc.). Clearly these opportunities exist, but they may be under resourced relative to lucrative tech…

I don't want to take this thread off topic. With that said, here is my example: Medicare For All would save us $450 billion, and avoid 68k preventable deaths, every single year. I find it a stretch to suggest that ambitious goals such as that "lack imagination". Such impact is simply not obtainable with tech or NGOs alone. Even Bill Gates has needed roughly $50 billion to drive forward his foundation's humanitarian e…

I don't think this is a counterexample, and the imagination lacked wasn't in the scope of what can be done in policy work, but in the scope of what can be done in tech.

To stay with your examples, some of the Gate's foundation efforts have largely been tech efforts, some haven't. Some of the things I mentioned off-the-top have potential to reach 10s to 100s of millions of people. MFA is a big $ number partially because the US healthcare system is expensive and inefficient, so that draws focus on $ saved ... other efforts may focus on lives impacted at much lower $ impacts.

Most public policy work isn't as big as MFA either.

I'm not saying policy work isn't important or impactful. I'm rejecting the idea that you (generic 'you') can't have similar effect in technology to what you might be able to achieve in policy; especially the idea that this is so clearly true that the "right" thing to do is quit technology to go into policy. Even assuming you can be as effective in policy work as you are in tech work, which isn't a given.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#86
post #84

Earlier quoted context omitted.

I don't want to take this thread off topic. With that said, here is my example: Medicare For All would save us $450 billion, and avoid 68k preventable deaths, every single year. I find it a stretch to suggest that ambitious goals such as that "lack imagination". Such impact is simply not obtainable with tech or NGOs alone. Even Bill Gates has needed roughly $50 billion to drive forward his foundation's humanitarian e…

I don't think this is a counterexample, and the imagination lacked wasn't in the scope of what can be done in policy work, but in the scope of what can be done in tech. To stay with your examples, some of the Gate's foundation efforts have largely been tech efforts, some haven't. Some of the things I mentioned off-the-top have potential to reach 10s to 100s of millions of people. MFA is a big $ number partially becau…

This has given me something to think about. I appreciate you taking the time.

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#87
post #81

Earlier quoted context omitted.

> It's not perfect, but it's certainly better than having to spend mid-five figures. It costs a lot more than that to become a doctor in the US. Typical student loan debt for doctors is well into 6 digits. https://www.bestmedicaldegrees.com/is-medical-school-worth-i...

Correct, but I don't know a single doctor in the US who actually paid it upfront instead of taking out all those loans and then easily paying them back with their newfound doctor salary later.

Yeah, the only people that I know who don't have >400000 in loans with a >5% interest rate coming out of residency have wealthy parents who paid for everything, did the military's HPSP program [1], or did a free 7-year MD/PhD program. It's an interesting process.

[1] https://www.medicineandthemilitary.com/joining-and-eligibili...

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#88

I still have a Radio Shack Battery Club card with only one more punch needed. Maybe if I run into him... nah, he'll insist I have to give him my name and address.

or try to sell you a disco ball strobe light combo

Re: Former CEO of RadioShack now an ER doctor on frontlines of Covid-19 fight

#90

I've always dreamed of leaving behind Silicon Valley and pursuing emergency medicine. I need to stay the course for a while to ensure my college approaching kids are taken care of but stories like this are inspiring reminders that age doesn't have to be a factor when I finally decide to make the move.

I tried this. I didn't get into medical school but it is doable.

I enrolled in a premedical postbaccalaureate program, and over the course of two years of night classes finished all of the prerequisites required by most allopathic medical schools. I worked by butt off to finish with a 4.0 GPA and place in the 96th percentile on the MCAT (good enough to not be ruled out because of my MCAT score). I also volunteered at a memory care hospice on weekends during this period and ended up with 100 hours of clinical experience. I had some additional clinical exposure working on medical device projects as an engineering student.

I applied to 27 schools and was invited for two interviews. Of those two, I was waitlisted by one and rejected by the other. I didn't end up clearing the waitlist. So what went wrong? I can't say for certain, but I suspect these were contributing factors:

* My undergraduate engineering school GPA was 3.3 and my graduate school engineering GPA was 3.4. These are reasonable by engineering school standards but borderline for medical school. * I only had 100 clinical hours. Many applicants have hundreds or even thousands of hours of clinical experience when they apply. I was 31 when I started the postbac program and decided to keep my full time job in order to save up money. The opportunity cost of each hour of clinical experience was higher at this age compared to a typical undergrad. In hindsight I should have at least devoted my weekends to gaining clinical experience the moment I decided to go this route. * One of my recommendation letter writers was late. My application wasn't processed until all recommendation letters were in. I wasn't eligible for consideration until later admissions rounds. * I didn't stand out. To be clear this isn't a requirement, but schools like to build a diverse and interesting class, so standing out in some way can be helpful. I struggle to decide if this was something beyond my control or if it represents a personal failure.

To return to my initial point, it is doable. In an alternate universe in which my recommendation letters made it in earlier, or I slept better before the MCAT and got an extra point, perhaps I would have been invited for one or two more interviews. If the interview -> admission invite conversion rate is 20%, that boosts the odds of admission from 36% to 59%. (I haven't ruled out applying again, but I would need to enroll in classes for at least another year in order to get new faculty recommendation letters. Unfortunately it isn't safe to volunteer at the hospice right now due to COVID-19).

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