What I've heard is that residency spots are restricted in number by Medicare (who pays hospitals that train residents) under heavy lobbying by the AMA. The rumo

What I've heard is that residency spots are restricted in number by Medicare (who pays hospitals that train residents) under heavy lobbying by the AMA. The rumor is that this is done to artificially restrict the number of MDs in the country thereby raising everyone's salary. Don't personally know if this is true, but if it is it's shameful, especially given the "physician shortage" crisis. Or maybe crisis should be in quotes.