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To dispel a few other myths:
4. never get laid off: A radiologist I know went to report to his for profit hospital job and found it locked up for good. I've seen some other abandoned "insurance clinics' in my area. Fortunately, the job market is good enough and I'm sure the docs found new jobs quickly.
6. Don't report to anyone: There seems to be a trend towards group practices, HMOs, etc. MDs can report to MBAs, medical directors, etc.
As impact said, you will most likely be comfortable-not necessarily rich. With the malpractice/insurance issues, it is not the same profession it once was. Many of the MDs I know are advising their children to pursue other careers.
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