3 ms·
Doctors are a somewhat different case, at least in the US, because medical boards (per specialty) control supply by limiting the number of new doctors being tra
by TuringNYC 9y ago
Doctors are a somewhat different case, at least in the US, because medical boards (per specialty) control supply by limiting the number of new doctors being trained (via annual limits on Residency seats.) It is more of a cartel in that respect. Imagine if we only trained 100 Java engineers a year and the existing Java engineers themselves decided on how many they train per year...that would be the analogy.
- vturner 9y agoTotally off topic, but isn't it bizarre how our politicians nor anyone else in the overseeing agencies/industries can seem to understand why "healthcare" is so expensive...until we actually open up the market for entry of new physicians there will be no solution. Yet I never hear this in popular media.
- CyberDildonics 9y ago> until we actually open up the market for entry of new physicians there will be no solution You do realize that tens of thousands of people graduate from med school every year and go on to do 6 years of residency where they make about $15 / hr right? Maybe the reason you don't hear 'popular media' talk about it is that they would look ridiculous.