The Advisory Council for General Surgery stated that the number of general surgeons in the US in '94 was between 17,289 and over twenty three thousand, or a ratio of 7.1 general surgeons per 100,000 population. As many as one-third of today's practicing physicians may retire by the year '20. It is consequently estimated that because of the number of surgeons leaving the field, employment for them is sound and should continue to grow. There are noteworthy concerns about a possible deficiency in the near future as older physicians retire. Rural areas are markedly vulnerable, as they are prone to being unable to attract and retain physicians, statistically. Growing numbers of available employment opportunities will be accessible to surgeons in areas of low-income populations and rural areas. Surgeons made an average annual salary of $240,533 to $361,589 in '08, according to Salary.com reports. Salaries vary by experience in the field, geographic location, and professional sub-specialization. General Surgeon's Salary Range As with most specialties, the years of experience, geographic location and the type of institution and determine the Surgeons salary. The Allied Physicians Salary Survey exposed a difference in salary for general surgeons by amount of experience as follows: * 1-2 Years - $226,000 * 3 or More - $291,000 * Cap - $520,000. General Surgeon Job Overview The international job outlook for general surgeons is good as well because the shortage for physicians is going on around the world. Employment opportunities are predicted to grow faster than the usual between this year and 2014. The Department of Labor reported that about fourteen and a half of all practicing doctors are specialized in surgery. The Aging Population in the US The US populace is growing old. From 2010 and '35, all age groups 70 and above will increase by over 95%. This means there will be a larger demand for all physical wellbeing services and a reasonably lesser and younger population of doctors taking the retiring physician's place . Some are afraid that as the Baby Boomer generation starts receiving Medicare coverage the older physicians may retire more quickly rather than accept the lower fees and higher workload of the government funded Medicare. Furthermore, it is estimated that as many as one-third of today's practicing physicians will retire by 2020. However, the economic collapse and gargantuan job loss across the country has had a direct effect on the revenue stream to physicians. When people lose their work, they also lose their health care coverage and therefore access to health care. Stock Market crash and its affects on Retirement The recent stock market decline has impacted older physicians' decisions. Some physicians are delaying retirement because of the economy's impact on their retirement funds. But even a 3 to 5 year delay will fail to address the impending loss of experienced doctors. Some recently graduated doctors are looking to Locum Surgery jobs for the short term to remain free for better job opportunities. Health Insurance Reform Even with the health insurance reform bill at last signed into law, its effects on our health care is not yet seen. By '14 there will be an influx in the enrollment into health care insurance programs. This increase, when combined with the long term aging of the people, should push demand for services and therefore cost higher. Nonetheless, no one yet knows what will take place with reimbursement rates from Medicare and this new program. The uncertainty is will there be rate a cut of remuneration rates for different specialties by Medicare, and will this new program become a decreasing factor of the pay of all specialties including Surgery, its related specialties, and subspecializations. Clearly the Obama administration has it's work cut out for it. We are getting older and there are less and less young people to bear this growing fiscal burden. The Sins of the Fathers...
Article Source: http://www.articlecontentprovider.com/articlesubmit
The current job market forecast and overview for doctors specializing in surgery as it relates to the failing economy, stock market, doctor shortage, and healthcare reform.
Surgery JobsOrthopaedic Opportunities Surgeon Jobs New York
Please Rate this Article
5 out of 5 4 out of 5 3 out of 5 2 out of 5 1 out of 5
