"According to a 2002 article in the journal Academic Medicine, the return on educational investment for primary-care physicians, adjusted for differences in number of hours worked, is just under $6 per hour, as compared with $11 for lawyers."
"At the same time, salaries haven’t kept pace with doctors’ expectations. In 1970, the average inflation-adjusted income of general practitioners was $185,000. In 2010, it was $161,000, despite a near doubling of the number of patients that doctors see a day.
While patients today are undoubtedly paying more for medical care, less of that money is actually going to the people who provide the care."
"Medical advances have transformed once-terminal diseases—cancer, AIDS, congestive heart failure—into complex chronic conditions that must be managed over the long term. Physicians also have more diagnostic and treatment options and must provide a growing array of screenings and other preventative services."
"After Medicare was introduced in 1965 as a social safety net for the elderly, doctors’ salaries actually increased as more people sought medical care. In 1940, in inflation-adjusted 2010 dollars, the mean income for U.S. physicians was about $50,000. By 1970, it was close to $250,000—nearly six times the median household income."
"Broad acceptance of overhead realities should be pursued with the donor community
The range of interpretation and understanding of indirect cost principles among donors is extremely wide. Some donors accept the reality of indirect costs and simply wish to keep them under control, while other donors believe that overhead costs are unnecessary add-ons that are to be strictly avoided. The irony is that all of these donors have their own indirect costs, which are funded in different ways. Regardless of individual perspectives, indirect costs exist and must be addressed in a responsible way."
"The Nordic model has long been synonymous with bountiful government spending on welfare, writes Richard Milne. But Sweden’s revolution in the past eight years of centre-right rule in bringing the private sector into not just schools but hospitals and care homes has ignited talk of a change in the Nordic model. The Economist declared: “The streets of Stockholm are awash with the blood of sacred cows.”"
"It’s not always the fact that the private schools get worse results . . . but they do harm [to the system] because traditional municipality schools have to adapt to a market system and they often lose their best pupils,"
"…staff is the most significant cost for any education provider, and the company admits that its pupil to teacher ratios are higher than those in municipality schools. It also says that some of its schools pay lower salaries than their state-run counterparts, often because its teachers are younger. Public anxiety about teaching quality in privately-run schools has prompted the government to bring in new training standards."
"Jonas Sjöstedt, leader of the Left party, sums up the public’s disillusionment. “The belief [in Sweden] that deregulation is the solution for anything, from running railways to educating kids, has been huge,” he says. “This is now over. There are parts of our lives the market cannot fulfil.”"
"Traditionally top of the class in education, Sweden has tumbled in international test rankings, with the OECD’s most recent Pisa results showing scores falling dramatically in reading, maths and science to a position well below the average for developed nations."