It’s not just the cost of college that limits the supply of doctors. There is an explicit limit on how many people can become doctors each year in the US: http

It’s not just the cost of college that limits the supply of doctors. There is an explicit limit on how many people can become doctors each year in the US: http://blog.petrieflom.law.harvard.edu/2022/03/15/ama-scope-of-practice-lobbying/ http://blog.petrieflom.law.harvard.edu/2022/03/15/ama-scope-... In addition, in many states in the US you have to get permission to open a new medical facility: https://en.m.wikipedia.org/wiki/Certificate_of_need https://en.m.wikipedia.org/wiki/Certificate_of_need Often the people on the board own existing medical facilities, so you literally have to get permission from your potential competition to compete with them. https://www.justice.gov/archive/atr/public/press_releases/2008/237153a.htm https://www.justice.gov/archive/atr/public/press_releases/20... For example from the above link: “ In 2006, the Antitrust Division alleged that a hospital in Charleston, West Virginia used the threat of objection during the CON process, and the potential ensuing delay and cost, to induce another hospital seeking a CON for an open heart surgery program not to apply for it at a location that would have well served Charleston consumers.”