3 ms·
And those pricing distortions are due to significant government-imposed regulations and restrictions that tightly limit the supply of doctors and medical servic
by VancouverMan 4y ago
And those pricing distortions are due to significant government-imposed regulations and restrictions that tightly limit the supply of doctors and medical services, even in the face of increasing demand.
- gamblor956 4y agoThat's false, but why let the truth get in the way? The limitation on doctors in the U.S. is based on the available funding for residents. The government supplies the money because private institutions largely are unwilling to do so.
- lotsofpulp 4y agoIs it true that unsubsidized residencies would not be profitable? If so, I would not expect private institutions to opt to lose money. https://www.reddit.com/r/medicine/comments/a0pufi/comment/eajv073/ https://www.reddit.com/r/medicine/comments/a0pufi/comment/ea...
- gamblor956 4y agoYour citation literally proves my point...
- johannbok 4y agoGovernment regulations have been dragging back price of care for ages. Multi-month waiting lines to see a doctor are largely about price ceilings. If docs could price up, their waiting lists would go down commensurately. Constrained physician supply doesn't do much when physicians can't raise prices in the face of greater demand. People in these discussions always make things about physician costs. The majority of expenditures in the healthcare system are on drugs and equipment, followed by procedures - physician visits make up a tiny fraction of that.