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>We have artificial scarcity of doctors. What is artifical when talking about a program that subsidizes residency? Focus on limited federal residency funding
by s1artibartfast 5mo ago
>We have artificial scarcity of doctors.
What is artifical when talking about a program that subsidizes residency?
Focus on limited federal residency funding seems to be a red herring. Most modern economic analyses seems to show residency programs are net profitable before federal subsidies.
IMO the problem is largely structural, around how these are positions and services are handeled by regulation and insurance.
- tptacek 5mo agoThe number is deliberately set to avoid a glut of doctors. We have the opposite problem.
- s1artibartfast 5mo agoThis seems to missing the point. Why is the number of doctors so so dependent on federal residency funding (or is it?). I suspect people overweight it for reasons above. Underweight factors would the long US education path to become a doctor being twice that of many countries, and extremely high cost and high accreditation of medical schools.
- tptacek 5mo agoBecause Medicare funds residency slots. I don't really understand what you're getting at here.
- s1artibartfast 5mo agoIm asking if or how much that actually matters. Im asking if it must matter. By way of hypothetical, if we doubled residency funding. Would new doctors double, go up 10%, or stay the same? If education time and obscene school costs are the bottle neck, it might not matter much. Some 25% of residents are already paid out of pocket by hospitals because residents make hospitals money. If we cut it entirely, what would happen?
- tptacek 5mo agoThe scaling limit on the number of doctors we have is residencies, not medical school slots, and further, medical school slots can't usefully be scaled up because of the residency cap.
- s1artibartfast 5mo agoThat is an assertion. I just dont see why it is or must be the case for the reasons I already posted.