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by s1artibartfast
1580 days ago
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>That is, the same number of people would be aspire to be doctors with med school being free but doctor’s salaries being x% lower. I think the point others are making is that there is already a surplus of people that want to be doctors and a fixed number of a medical degrees in both scenarios. If doctors already make more than enough to pay off their medical debt, what would change to make them start accepting lower salaries? It seems that the salary is driven by competition between hospitals (demand ) opposed to what doctors are willing to take. I guess it is possible that doctors without school debt would less actively chase higher salaries, so perhaps there is some small impact there. That said, it seems by far the best solution is still more doctors, with or without school debt. |
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If med school were free then salary required to live at the required standard would go down since the need to service the debt would no longer be there.