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Government distorts supply and demand (and increases prices) wherever it goes, but don't take my word for it...see college tuition's, housing market, energy, etc. for further examples.
Government distorts supply and demand (and increases prices) wherever it goes, but don't take my word for it...see college tuition's, housing market, energy, etc. for further examples.
That's not particularly the issue for medical schools. The number of slots is controlled in part by the AMA.
Yes, the nightmare scenario that many warned about is going to come to pass. There is also the prospect of thousands of doctors leaving the profession once Obamacare takes effect -- unwilling to deal with reduced Medicare payments and red tape.
And what is true today will be true in a few years when Obamacare takes effect: If you're rich enough to afford a gold plated policy, you will likely have no trouble finding a physician to treat you. Health care for the average American is not going to get better, it is going to get worse. And we have Obamacare to thank for that.
I find the idea of 1000's of doctors choosing to leave for zero money instead of staying for some money to be really, really awesome. It's like if they took away some of your pay, and you say" I'll just quit and never work again."
Obamacare may bring harm to American citizens. For example, many doctors and clinics do not accept medicare. So a health care system paid for throughout one's life may not be the product we were sold.
In May of this year, the community of Gander, NF elected to hold a 'lottery' style selection of patients for two newly arrived Family Physicians. Although innovative, this approach is unlikely to help in solving a worsening shortage of doctors nationwide.
Gander is a small rural community of approximately 10,000 residents on the northeast coast of Newfoundland, Canada. While normally highlighted by travel magazines for its rugged coastline and small-town charm, it received national attention earlier this year for an odd response to the addition of two new GP's – Dr. Amanda Scott and Dr. Celine Dawson – to their local medical clinic. The call rang out that a 'lottery' would be held, patients queued for hours, at the end 4,000 names were entered into the draw—an astounding 40% of the population.
5 million Canadians have no primary care physicians
5 year waiting list to get a primary care physician!!
If there are doctor shortages, then use tax money to TRAIN MORE DOCTORS, instead of using trillions of it to invade countries and make your already-rich GOP friends richer. Get it? Stop voting Republican and your country will stop going downhill.
Increased demand results in less supply. Less supply means price goes up. When price goes up, profits are made more easily. When profits are made more easily, supply increases becasue people want their piece of that pie.
Its a cycle, and I'm always amazed that people who say they support the free market don't understand this concept.
Increased demand results in less supply. Less supply means price goes up. When price goes up, profits are made more easily. When profits are made more easily, supply increases becasue people want their piece of that pie.
But what happens when the government subsidizes demand and restricts supply?
Exactly.
There's an old saying in management. "There's no such thing as a shortage of eggs. If you don't have enough eggs to fill the demand, it's management's job to get more chickens." AMA, Do your job.
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