Compared to most people, physicians make a lot of money. The average primary care physician made $195,000 in 2014, and the average specialist made $284,000, according to a salary survey by Medscape.
But many doctors say that when you take into account the extensive education and training it takes to become a physician (40,000-plus hours), combined with the long hours, those salaries don’t tell the whole story. In fact, when you consider student loan debt and malpractice insurance, which can cost $50,000 or more per year, some doctors say those salaries cover just more than a livable wage.
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