The AMA controls the number of seats in medical schools across the country. The number of new physicians is intentionally kept at a level that assures scarcity of supply.
Scarcity of supply assures monopolistic pricing for what should be a competitive service. In addition it assures physicians will be compensated at levels that don’t require full time work.
Physicians are vendors of services and should be subject to the same rules of competition as any other vendor – the cable guy, the gardner and the Roto Rooter man.
It’s not the supply & demand of physicians that causes the costs of malpractice insurance. It’s the supply & demand of idiot claimants and their equally idiot attorneys feeling entitled to a payout because something didn’t turn out the way they expected.
Only the wealthy can afford to educate their young to become physicians due to the high cost of college. Many bright young people cannot afford to train to become doctors.
We have to recognize that we have instilled a different work ethic in the last couple of generations than has been seen before. People are increasingly concerned with work/life balance. Workers coming in to the workforce now expect flex-time, part-time and other schedule adaptations not heard of in the Baby Boomer days. Total dedication to one’s job is no longer expected or rewarded. I don’t think we need to go back to the days of workers being married to their jobs, but we have to recognize that greater freedom from the job comes with a price.
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The AMA controls the number of seats in medical schools across the country. The number of new physicians is intentionally kept at a level that assures scarcity of supply.
Scarcity of supply assures monopolistic pricing for what should be a competitive service. In addition it assures physicians will be compensated at levels that don’t require full time work.
Physicians are vendors of services and should be subject to the same rules of competition as any other vendor – the cable guy, the gardner and the Roto Rooter man.
It’s not the supply & demand of physicians that causes the costs of malpractice insurance. It’s the supply & demand of idiot claimants and their equally idiot attorneys feeling entitled to a payout because something didn’t turn out the way they expected.
Only the wealthy can afford to educate their young to become physicians due to the high cost of college. Many bright young people cannot afford to train to become doctors.
We have to recognize that we have instilled a different work ethic in the last couple of generations than has been seen before. People are increasingly concerned with work/life balance. Workers coming in to the workforce now expect flex-time, part-time and other schedule adaptations not heard of in the Baby Boomer days. Total dedication to one’s job is no longer expected or rewarded. I don’t think we need to go back to the days of workers being married to their jobs, but we have to recognize that greater freedom from the job comes with a price.