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by outlace
3130 days ago
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You're correct that doctors' salaries are not the biggest source of excessive health expenditure compared to other countries. But the article is right that medicine (i.e. physicians) behaves like a cartel in that it places rules to limit supply and force salaries upward, even though there's no legitimate reason for this based on safety or otherwise. Your local family doc has nothing to do with this, but there must be some powerful interest groups involved (at least historically) to make this the case. So it's actually that NON-libertarian forces (i.e. illegitimate regulations) are increasing physician salaries. If we had more of a free labor market for physicians, salaries would fall. |
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