My understanding is the balanced budget act of 1997 limits how many residency slots there can be, and then medical schools can also prevent new schools from bei

My understanding is the balanced budget act of 1997 limits how many residency slots there can be, and then medical schools can also prevent new schools from being created through the LCME and ACGME. So schools will only graduate enough students for federal funding, and existing schools will keep other schools from being formed which might compete against them in new ways. Edit: this comment must have made a lot of people mad, because three other people responded within 5 minutes lol