If your reason for wanting to go to Touro is that it is a quick decent degree, it might work. There are quicker degrees (using yeshiva credits which I’m assuming you have) and better degrees out there but probably not both.
If you are thinking about going to Touro because you wish to minimize your exposure to the ugliness of the world then med school may not be the way you eventually want to go. Even if it is, Touro may limit your med school options, causing you to move to a place that is likely far worse for your ruchniyus.
Why not go to a “real” college? It might be cheaper (if you are smart enough for med school, you should be smart enough to get into a good school at less than full price), and it will almost certainly give you a better, more usable education that will help you decide want you really want to do.
Princeton, Columbia, NYU, Penn, Yeshiva, Fordham, Rutgers, College of NJ, and Stevens are all comparable commutes or better from Lakewood, and all will provide a far more valuable degree than Touro. If you choose not to go to med school these degrees would translate to more opportunities.
As far as whether Doctors make a decent living, the answer is yes. There is a shortage of primary care physicians, and the government will even subsidize part of the cost of med school for those who agree to be a physician in an area with a shortage. That area might not have a minyan though.
Some doctors are obscenely rich. Many more aren’t.
Obamacare makes it more likely that any given patient has insurance which makes it more likely that a doctor will at least get paid.
I’d be more worried about technological advances that lessen the need for human doctors or government intervention far more drastic than Obamacare.
The current system seems unsustainable. Medical care is a necessity that anyone feels they must pay for, but the price is really insane. IMHO it is fundamentally wrong that so many people make so much money off of medicine. In a sense it is taking advantage of desperate people.
True, some of the money drives healthcare quality up, but to argue that the reason so many can take such a large cut off of someone else’s cancer or senility is for the patient’s benefit seems to only works up to a point. We’re at least approaching that point.
If money is your only motivation, successful careers in finance or business are doable for talented and motivated (and some might say soulless) people.
Although the future is in technology, particularly in biotech (although biotech may have some of the same concerns as the medical field generally), the managers of a company make more than the employees with the technical training, and no one makes more than the savvy investor.
There are also easier ways of making a decent living (think [biomedical] engineering).
In summary, if you really want to become a Doctor (not just for the money), can make it as a Doctor, and want to remain in an area of your relative choosing (which is a pretty strong need for a frum jew), you need to distinguish yourself. This is difficult enough with a good college degree, and even harder with one from Touro. It is doable though, and an admirable career choice if done for the right reasons.
I do think R’ Moshe has a tshuva where he says not to do it. It was easier to find a decent job without a degree then, true, but if I remember correctly he was against the amount of time it would take to do relative to other jobs. Caveat: the tshuva was for a younger person who didn’t need parnassah at the time. It seemed R’ Moshe had a hard time justifying becoming a Doctor for the sake of parnassah in ten years. Don’t have the mareh makom offhand.
Whatever you do, good luck, and daven!