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Medical school is so expensive because it's a cartel; the government limits new entrants, so the schools can charge whatever they want because they know they're
by logicchains 3y ago
Medical school is so expensive because it's a cartel; the government limits new entrants, so the schools can charge whatever they want because they know they're not going to get any competition. And it doesn't allow people to practice medicine unless they attended one of those privileged schools.
- FireBeyond 3y ago> the government limits new entrants ... based on lobbying from the AMA, which is only in the last couple of years reluctantly acknowledging that maybe, perhaps, possibly, it shot itself in the foot with the increasing amount of physician burnout.
- lotsofpulp 3y agoSource? I don’t think the federal US government has any say about how many medical school students there can be. The federal government does provide funding for residency positions, and all doctors are required to complete residency. This residency funding has been effectively flat for many, many years, effectively capping the number of residency positions, which then caps the number of new doctors per year. But I am not sure what exactly limits anyone other than the government from funding residency positions.