5 ms·

> Medical schools/the AMA are artificially limiting the number of students and residents for their own ends (keeping wages and scarcity high) so they need to ch

> Medical schools/the AMA are artificially limiting the number of students and residents for their own ends (keeping wages and scarcity high) so they need to charge a lot... That sounds like a strange conspiracy, do you have evidence to support that? Keep in mind 20+ years ago that insurance was much cheaper, deductibles were almost nonexistent, and care networks were giant. Talk to your US parents or grandparents about their costs of health care, you'll still be stunned at how much cheaper it was. Medical schools and the AMA still existed then too BTW.

evancich 7y ago
Look up what "match day" and the NRMP is.
oarabbus_ 7y ago
The AMA quite literally fits the definition of a cartel. It's quite absurd to use the term "conspiracy". Academic papers going back to (at least) 1977 have suggested this: https://www.jstor.org/stable/2352286?seq=1#page_scan_tab_contents https://www.jstor.org/stable/2352286?seq=1#page_scan_tab_con... Here are some other reading links. http://www.jparksmd.com/blog/a-massively-overpaid-cartel http://www.jparksmd.com/blog/a-massively-overpaid-cartel (this doctor attempts to refute that the AMA isn't a cartel by making the point that doctors are "overpaid" in the US as compared to Europe by the same factor as for many other professions. He however intentionally avoids the point of the restricted supply, which is the root cause of the issue, the artificially high salaries are simply a symptom of the disease) https://wallstreetpit.com/5769-medical-cartel-md-salaries-high/ https://wallstreetpit.com/5769-medical-cartel-md-salaries-hi... https://www.washingtonexaminer.com/thanks-to-doctors-there-arent-enough-doctors https://www.washingtonexaminer.com/thanks-to-doctors-there-a... https://fee.org/articles/the-medical-cartel-is-keeping-health-care-costs-high/ https://fee.org/articles/the-medical-cartel-is-keeping-healt...

evancich 7y ago

Look up what "match day" and the NRMP is.

oarabbus_ 7y ago

The AMA quite literally fits the definition of a cartel. It's quite absurd to use the term "conspiracy". Academic papers going back to (at least) 1977 have suggested this: https://www.jstor.org/stable/2352286?seq=1#page_scan_tab_contents https://www.jstor.org/stable/2352286?seq=1#page_scan_tab_con... Here are some other reading links. http://www.jparksmd.com/blog/a-massively-overpaid-cartel http://www.jparksmd.com/blog/a-massively-overpaid-cartel (this doctor attempts to refute that the AMA isn't a cartel by making the point that doctors are "overpaid" in the US as compared to Europe by the same factor as for many other professions. He however intentionally avoids the point of the restricted supply, which is the root cause of the issue, the artificially high salaries are simply a symptom of the disease) https://wallstreetpit.com/5769-medical-cartel-md-salaries-high/ https://wallstreetpit.com/5769-medical-cartel-md-salaries-hi... https://www.washingtonexaminer.com/thanks-to-doctors-there-arent-enough-doctors https://www.washingtonexaminer.com/thanks-to-doctors-there-a... https://fee.org/articles/the-medical-cartel-is-keeping-health-care-costs-high/ https://fee.org/articles/the-medical-cartel-is-keeping-healt...