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The supply of doctors in the US is primarily limited by the number of residency slots. Unlike many countries, foreign medical graduates can't practice here wit
by hardtke 3y ago
The supply of doctors in the US is primarily limited by the number of residency slots. Unlike many countries, foreign medical graduates can't practice here without doing a residency. I think the number of residency slots is kept low by the federal government (which funds them) and also by physician organization lobbying.
- maxerickson 3y agoThere aren't rules against entities other than the federal government funding a slot.
- fallingknife 3y agoWhy does the federal government need to fund residency slots? They generate tons of billings and get paid next to nothing. Should be very profitable.
- HDThoreaun 3y agothey're not. As far as I understand every single one loses money before accounting for federal subsidies. Many are actually closing.
- diogenescynic 3y agoExactly, just like the number of homes is artificially limited by zoning, permitting, etc. It's all artificial scarcity and it's for life's essentially--which is why I said it's a scam because it seems intentional.