Obama: Cap All Physician Pay at $100k per year

WASHINGTON - In a historic move, President Obama signaled Wednesday that physician salaries will be capped at $100,000 per year.

"For too long in this great country, greed has been the cornerstone of American medicine," Obama said on the south lawn. "Doctors care less about patients' well-being than their own pocketbook."

The plan calls for sweeping reform of payment to all physicians who have ever received money from the federal government, from subsidized education loans and residency stipends to Medicare service reimbursements.

"The federal government helped these people out by lending tuition or paying for their specialty training in residency. They ought to give something back to society."

When asked by the press about the specific limit of $100,000 in yearly income, the President responded, "So these 'poor' doctors can't afford a new luxury car every year. That's not hardship." He also stated, "And besides, mom and pop in Omaha, Nebraska with their 3 kids are able to survive just fine on less than $100,000. Doctors should too."

This latest announcement is on the heels of a new White House plan to curb executive pay by as much as 90% at major banking institutions receiving federal aid, capping total compensation at $200,000.

"Greed can exist in many places, but the most critical areas today are with physicians and bankers. That is where we need to start reining it in. They are the problem, the scourge, in today's society."