Psychiatrists are overpaid that's why they botched schizophrenia treatment. It's hugely misdiagnosed in blacks, antipsychotics have high noncompliance rates, and Medicaid pays for 70 % of antipsychotics. Schizophrenia is a harmless disease because schizophrenics rarely kill or die of suicide. The average salary of a psychiatrist is $100,000 or more in a single year. Psychiatrists do not care if schizophrenia is abolished because psychiatrists will always be okay making 100 grand in a single year.
With a median salary of 180,000 according to BLS. Only the rich can afford to pay for their services and what kind of problems would wealthiest humans have besides boredom. "They devote their lives" hardly. If not working past 3pm and not before 10 am and taking a 1hr 30min lunch break (my ortho), or taking every wed and Friday off for golf (my dentist) then I feel bad for the people on aid trips to Africa for there lack of devotion and empty pockets.
I think doctors of psychiatry are considerably overpaid. Because their hourly rates are so astronomical, most insurance companies cover just a small portion and limit the number of visits to a mere handful. If the average lay person has an issue with their adolescent child that requires multiple visits, they could end up paying large amounts out of pocket.
According to money.Usnew.Com an average physician salary is 188,000. According to work.Chron.Com psychiatrists make 174000. So in fact some psychiatrists are getting paid less than than the average physician. Considering the incredible research that is taking place into mental disorders and neuro-imaging, I feel like psychiatry will see a rise in salary earning in the near future.
All doctors endure a long education, one that lasts until
they are nearly thirty. They earn big salaries once they begin working, though,
often by arranging their practice so they see many patients in each hour.
Doctors of psychiatry, however, cannot pack their day full of patients as some
specialists can. A doctor of psychiatry does not make a higher hourly income
than other specialists. He or she earns an average income for someone of this
level of education and training, but earns it from fewer patients.
Doctors of psychiatry do not make too much money. They have devoted their life to curing mental illness, which is one of the most noble things one could possibly ever do. Why isn't it asked if surgeons make too much money? Because they physically repair something? Well, so do psychiatrists.
No, I do not think that they make to much money at all. I think that they do an important job for our society, and that it is good that they get paid a lot since they had to go through a whole lot of training to get to there.
I believe that Doctors of Psychiatry making the amount of money that they deserve, I believe the market rate for what they are paid is on par with the level of service that they provide to their patients, If they were taking to much money for to little benefit people would stop using them and their pay would decrease.