I live in Charleston, South Carolina, which is a regional health care center with a local medical school and a lot of doctors, some of them my neighbors. So I hear a lot of doctors bitching about their professional lives.  And that bitching generally comes down to a single argument: “I’m bringing home less money than I used to: if this medical system is so out of control, why isn’t my income out of control, too?”

One of my doctor neighbors who does a lot of surgery spends $70,000 per year on medical malpractice insurance premiums.  I asked him if an extra $70,000 per year in income would stop his complaining.  He said it would.

So let’s […]