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by oarabbus_ 2701 days ago
>4. Almost every doctor i spoke to was afraid of ML/AI because it pierced their forced scarcity and threatened their wages. I might argue that Health Disparities are worsened currently because medical boards throttle residency programs and fellowships to create an artificially constrained supply and hence high prices.'

Thank god. The medical cartel needs to go.

1 comments

Medical boards don't control residency programs, hospitals and the federal government do.
>> Medical boards don't control residency programs, hospitals and the federal government do.

Medical boards are the only ones who can train and grant residencies. The US Government cannot train nor can they grant someone a residency. Nor can the US Government grant someone a fellowship. As an example, to become a "Fellow of American College of Surgeons" you would apply here: https://www.facs.org/member-services/join/international The cartel then decides who gets to join the select group. There are three dozen such cartels, one for dermatology, one for radiology, etc etc. Nowhere in the process noted on the link does it specify the US government gets to decide membership.

The government can fund it, but anyone can fund it. The funding is minuscule -- the 2017 resident salary is $57k a single digit percentage of billings by residents.

The medical board can train and grant residencies, but they don't control how many actual-working-in-a-hospital residency slots are available, downstream of them.

(There are never enough.)

Anyone can fund it, just like anyone can fund filling in the potholes in front of my apartment. For some reason, though, until the government gets around to it, they aren't going to get filled.

No one fixes random potholes because they dont get paid to do it. If fixing potholes had a 500% profit margin as medicine does, people would start fixing them immediately.

Now, if "The American Fellowship of Pothole Fixers" claimed there was no money to fix potholes and only their coveted group of 300 pothole fixers are allowed to fix potholes, i'd call BS.

The AAMC is a cartel and artificially limits the supply of doctors each year.