Sunday, May 6, 2012

ObamaCare and Doctor Supply

The Law of Supply and Demand applies to MDs and health providers as it does to all commodities.

You may tell the public you will increase their ability to get medical care. But to do so, you must also increase the number of doctors, and medical facilities, plus aides.

It takes about eight to ten years to educate and train a student willing and smart enough to become a doctor. At a cost of at least $100,000.

ObamaCare attempts to cut health costs through a reduction of doctor income. This would make it tougher to explain the investment or acquired debt of becoming a doctor. Nobody mentions training new doctors at government expense and if it ever happened, why train so hard for so little compensation? (See the Earl J Weinreb NewsHole® comments.)

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