Healthcare administrators far out-growing physician growth, a major driver of healthcare costs
In 2020, healthcare administrators exceeded physician growth by 4,500%
In 2022, there were 10 healthcare administrators for every 1 physician.
The administrative bloat is seriously astounding.
Then you tack on physician salaries decreasing upwards of 70% since 1990 when accounting for inflation and physicians no longer being able to run hospitals... starts to make sense why we have such a shortage of physicians. Everything a physician does is micromanaged and through layers and layers of bureaucratic tape. All these new healthcare administrators get pay raises every year, yet physicians continue to get pay cuts year after year.
This is unsustainable.