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hardtke | 2 years ago

The supply of doctors in the US is primarily limited by the number of residency slots. Unlike many countries, foreign medical graduates can't practice here without doing a residency. I think the number of residency slots is kept low by the federal government (which funds them) and also by physician organization lobbying.

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fallingknife|2 years ago

Why does the federal government need to fund residency slots? They generate tons of billings and get paid next to nothing. Should be very profitable.

HDThoreaun|2 years ago

they're not. As far as I understand every single one loses money before accounting for federal subsidies. Many are actually closing.

diogenescynic|2 years ago

Exactly, just like the number of homes is artificially limited by zoning, permitting, etc. It's all artificial scarcity and it's for life's essentially--which is why I said it's a scam because it seems intentional.

maxerickson|2 years ago

There aren't rules against entities other than the federal government funding a slot.