Drop in Doctors’ Pay Tied to Managed Care
From Times Staff and Wire Reports
After years of climbing salaries, physicians are seeing their earnings drop mainly because managed care has worked to control costs. “This is a remarkable turnaround,†said Carol Simon, an economics professor at the University of Illinois and co-author of a new study. It hasn’t gone unnoticed by doctors, especially specialists, whose incomes have fallen the sharpest. The average income was $187,000 in 1994, 4% less than in 1993, the report in the journal Health Affairs said.
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