3 ms·
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 sug
by 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...