Seriously, that quote cracked me up too.
Alas, you pay the same whether you get a resident doing the work or a 30 year veteran attending (see below). But as you mentioned, teaching hospitals have a lot of oversight by (usually) highly competent and well trained attendings. It's interesting you mention the excessive blood drawing, because there actually is a large push now to curtail the ordering of unnecessary labs. This isn't just to save money, but also to spare the patient, and not just in terms of preventing anemia (joke). The more labs you draw, the greater a chance of either a lab error or picking up an incidental but entirely benign finding, and once you find something abnormal you are compelled to investigate it further even if it's unlikely to amount to anything. And thus the number of tests piles up and the patient freaks out over a more than likely insignificant result from a test that shouldn't have been gotten in the first place.
I once went to the ED to get stitches after I accidentally cut myself. The resident spent about five minutes sewing me up, the bill was for $750. Kind of outrageous, given that primary care docs receive only a tiny fraction of that for managing a patient's entire medical wellbeing. No wonder so many PCPs are constantly rushing you along, they can't afford not to.
But that's a whole different discussion.
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Trust me, I'm a doctor.
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