Inflation=Physician Pay Cut

[Tim]

Anecdotally, compensation adjustments always lag inflation. By definition, it is a lagging adjustment, if at all. Playing catch up.
Inflation benefits assets not compensation.

[JBME]

why limit this to physicians? inflation=paycut for everyone

[CordMcNally]

It's difficult to give those with high income inflation adjusted raises, especially physicians. There's always pressure to lower reimbursement and adjusting physician wages strictly on inflation can really wreck a budget.

[Dusn]

This has been happening for decades.

[Nysoz]

https://bulletin.facs.org/2019/09/medicare-physician-payment-on-the-decline-its-not-your-imagination/

[Tangler]

ENT doc, Sorry for my ignorance, what is the conversion factor in the graph? ACS = American College of Surgeons?

[ENT Doc]

From the ACS:

[Ekanive23]

Hello,
just curious how many of y’all are getting raises to offset inflation? I haven’t heard of many people getting this, and cuts more likely than raises. They are giving us a raise because we lost a retirement vehicle snd was announced before inflation took off.

my concern is, COLA salary adjustments don’t happen and doctors as a whole are making less money because of stagnant wages during this time.

all the best,
Eddie