3 ms·

Won't that be demand / supply issue ?

• jtwaleson 2y ago
  Ultimately yes, but in healthcare, demand is fixed (to a large extent) and supply is tightly controlled as the education takes super long and hospitals only have limited residencies available.
• nradov 2y ago
  Not really. Demand for healthcare is effectively infinite. Limiting the supply of doctors is one technique that governments use to control overall healthcare system costs. If patients have to wait months for a specialist appointment or elective surgery then that means fewer claims coming in. Generally speaking the supply and demand curves taught in Econ 101 don't apply to healthcare.
  • hackeraccount 2y ago
    Supply and demand curves need not apply here sounds like special pleading. I think we'd get a lot further treating healthcare like every other good/service then saying it's sui generis.
• njtransit 2y ago
  It is a supply issue. And supply is artificially limited by the AMA by limiting the number of residencies available.