If we had more doctors and competing companies in the medical space they could not charge exorbitant prices and people would be able to get elective surgeries cheaper, costs would go down in general, and people would not be going into medical bankruptcy over a emergency. There need to be more players to saturate the market.
I agree with everything you said, so I don't understand the disagreement. What part of my statement do you disagree with?
Medical doctors are limited in numbers by the Association for Collegiate Graduate Medical Education, not by immigration nor by insufficient quantity of quality applicants. There are tons of highly qualified domestic applicants who are rejected from medical school because of quotas that have nothing to do with quality. MDs are basically members of a monopolistic guild.
I've long advocated for letting the free market dictate, and this would result in swamping the market with doctors. Only trouble is that there's a cat's hairball of regulations in the way: we'd need to either break up the ACGME with an antitrust suit, or just make a new accreditation group to compete (but then you'd need to convince at least one state to recognize them, which is a separate problem of corrupt state medical boards). Or just deregulate the profession entirely, which might be the best option at this point.
Anyway, attracting the best and brightest is a natural result of a healthy and free economy; it's different from giving them carte blanche to skip ahead or even letting them in the country to begin with. We have plenty of domestic talent, they're just locked out by regulation.
And yeah, the first floor of every hospital parking structure full of maseratis and lambos make it plain that they're overpaid.
Disagree. Experts are way overpaid.
If we had more doctors and competing companies in the medical space they could not charge exorbitant prices and people would be able to get elective surgeries cheaper, costs would go down in general, and people would not be going into medical bankruptcy over a emergency. There need to be more players to saturate the market.
I agree with everything you said, so I don't understand the disagreement. What part of my statement do you disagree with?
Medical doctors are limited in numbers by the Association for Collegiate Graduate Medical Education, not by immigration nor by insufficient quantity of quality applicants. There are tons of highly qualified domestic applicants who are rejected from medical school because of quotas that have nothing to do with quality. MDs are basically members of a monopolistic guild.
I've long advocated for letting the free market dictate, and this would result in swamping the market with doctors. Only trouble is that there's a cat's hairball of regulations in the way: we'd need to either break up the ACGME with an antitrust suit, or just make a new accreditation group to compete (but then you'd need to convince at least one state to recognize them, which is a separate problem of corrupt state medical boards). Or just deregulate the profession entirely, which might be the best option at this point.
Anyway, attracting the best and brightest is a natural result of a healthy and free economy; it's different from giving them carte blanche to skip ahead or even letting them in the country to begin with. We have plenty of domestic talent, they're just locked out by regulation.
And yeah, the first floor of every hospital parking structure full of maseratis and lambos make it plain that they're overpaid.