No, as a resident (3 to 5 years depending on specialty) they pay you around $35,000 or so, depending on where you live. After residency, you can earn a bit more. Well, unless you do a fellowship, where they pay you maybe $50,000 if you're lucky. All of your friends who did domething else like business or law are earning much more with less school.
And Emergency Medicine can pay quite well depending on how much you work.
As for malpractice, $100,000 is very reasonable today. There is one neurosurgeon who has to pay $497,000 each year for malpractice insurance. So basically he has to earn half a million just to break even.