Rags to Riches thru [Medical] Education?

Or … Riches to Rags for Docs and the ACA?

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American society prides itself on being a meritocracy, particularly with the fruition of the ‘American Dream’ being achieved by individuals from all types of backgrounds; like doctors, Financial Advisors [FAs] and all medical professionals.


Success today typically involves some form of higher education, to expand intellectual capacity and to hone a skill-set.

However, the highest quality education is not the most easily accessible. And so, this infographic takes a look at how the elite tend to fare well, and how the disadvantaged aren’t provided the same opportunities.

Source: www.onlineschools.org


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7 Responses

  1. Medical School Applications Hit New Record

    US medical schools officials saw a record number of applicants in 2011, with applicant ranks increasing by 1,178, or 2.8%, according to the Association of American Medical Colleges.

    The Washington-based AAMC just released its annual report on medical school applications and enrollment. A total of 43,919 individuals applied to U.S. medical schools in 2011, including 32,654 first-time applicants, according to the AAMC. First-year enrollment grew by 3% to 19,230, up from 18,665 in 2010

    Source: Ashok Selvam, Modern Healthcare [10/24/11]


  2. Immigration Laws a Challenge to Potential Podiatry Student

    The far-reaching immigration debate in Florida and the nation has been going on for years, but until last week, the plight of students like Wendy Ruiz — an aspiring podiatrist — had been largely invisible.

    Born and raised in Miami, Ruiz is a U.S. citizen. But in the eyes of Florida’s higher education system, she’s a dependent student whose parents are undocumented immigrants — and not considered legal Florida residents.

    As such, Ruiz is charged higher-priced out-of-state tuition, even though she has a Florida birth certificate, Florida driver’s license and is a registered Florida voter.

    Source: Career College Central [10/24/11]


  3. Rich got richer during the recovery, and rest got poorer?

    According to Allison Linn, TODAY, the nation’s richest American households generally gained wealth during the first two years of the economic recovery, while most American households saw their net worth drop.




  4. The Rise to Riches

    Fully 20 percent of U.S. adults become rich for parts of their lives, wielding outsize influence on America’s economy and politics.


    This little-known group may pose the biggest barrier to reducing the nation’s income inequality.



  5. Rich Docs

    There was a front page lead article in the New York Times titled, “Patient’s Costs Skyrocket; Specialists’ Incomes Soar” …


    When a Doctor Becomes an Entrepreneur, Small Procedures Offer Big Returns … Paying Till It Hurts … The High Earners ….



  6. LEGACY Admissions

    Critics of college/university legacy admissions argue the practice disproportionately favors white, wealthy applicants and takes admissions spots away from those who are less privileged, but academically more deserving.

    At Johns Hopkins University, which started phasing out legacy preference in 2014 and completely nixed it in 2019, the proportion of accepted students whose parents were alumni more than halved from 2013 to this year, while its share of first-generation students more than doubled.

    In a civil case that accused Harvard of discriminating against Asian American applicants in 2018, an economist hired by the plaintiffs said that Harvard accepted legacy applicants at a rate 5x higher than it did nonlegacy applicants. Over one-third of Harvard’s Class of 2022 had alumni parents.

    Proponents of legacy admissions encourage donations and grant money.



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