COVID-Related Drops in Income and Career Satisfaction
Medscape surveyed physicians across seven countries about how COVID-19 has impacted their career, from both monetary and personal standpoints. Among the findings:
Sixty-two percent of U.S. physicians saw their income drop, while 35% stayed the same. This finding was worse than in most European countries: 41% of doctors in France saw cuts in pay, while 43% stayed the same, and 42% of German physicians made less money, while 53% stayed the same. Of all countries surveyed, only physicians in Brazil did worse than those in the U.S., with 83% seeing reductions in their pay.
In the U.S., pay cuts varied. One in three physicians saw their income drop by 11% to 28%. Nine percent were paid 76% to 100% less under COVID-19 conditions.
When U.S. doctors were asked about how COVID-19 experiences had impacted their career plans, just over half (51%) said it would have no effect. However, 25% said it made them at least consider earlier retirement; 12% of these respondents were deciding if they were going to leave direct patient care, and 12% were considering leaving medicine entirely.