1. Michigan physicians earn less than Midwest average.
- Author
-
Walsh, Dustin
- Subjects
PHYSICIANS ,EMERGENCY room visits ,MEDICAL students ,HEALTH insurance premiums - Abstract
According to a report from medical news site Medscape, Michigan physicians received a modest increase in pay in 2023, but it was still below the national average. The average total compensation for Michigan physicians was $360,000, compared to the Midwest average of $404,000. The lower compensation in Michigan may be due to the state's competitive healthcare market, which has more community health and hospital systems compared to neighboring states. However, Michigan is considered one of the most affordable states for healthcare, with lower costs for medical services and health insurance premiums. The increase in compensation for doctors in the state was driven by gains in primary care physicians, while medical specialists saw a decline in compensation. Additionally, there are pay disparities based on gender and race, with male physicians earning more than their female peers and white physicians earning more than Black physicians. [Extracted from the article]
- Published
- 2024