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With lower supply of doctors, then price goes up for patients (in wait times) and insurers ($$). Some marginal health issues will be ignored, deferred, or seen
by pchristensen 5y ago
With lower supply of doctors, then price goes up for patients (in wait times) and insurers ($$). Some marginal health issues will be ignored, deferred, or seen by nurse practicioners. Boom - equilibrium!
- renewiltord 5y agoThis is non-congruent with the use of the word “shortage” in economics. Under this model, the word shortage is not well-defined. This is certainly a model but it makes discussion hard when two models are using the same signifiers to represent different concepts.