4 ms·
Pharma companies already aren't very profitable and it's getting worse and worse every year (called "Eroom's Law" for the reverse of Moore's). The US's uniquel
by sorcerer-mar 1y ago
Pharma companies already aren't very profitable and it's getting worse and worse every year (called "Eroom's Law" for the reverse of Moore's).
The US's uniquely fucked healthcare situation is thanks to 1) administrative overhead of tons of competitive and extremely complex distinct health plans, and 2) the labor cost of doctors, much of which gets captured by the extremely consolidated health systems that employ them.
The US needs to dump money into training a lot more doctors. Not by subsidizing student loans, but by directly creating public medical schools that train doctors on the cheap and let them escape with no student debt.
- BobaFloutist 1y agoI'd settle for not capping residency slots and in return allowing doctors to own hospitals.
- sorcerer-mar 1y agoResidency slots are not capped. Common misconception. Private parties are welcome to create and fund residency slots if they want. They typically don’t because it’s a totally nonsense investment — perfect example of a problem that private investment markets would fail to solve. The “cap” refers to the fact that CMS doesn’t fund an infinite number of residency slots. So you and I are saying similar things, which is that the government needs to fund more MD training.