Deus Naturae
Deus naturae
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Posts: 3,637
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« on: May 30, 2014, 07:01:22 PM » |
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To add to what Yankee said, another problem with med schools is that the accreditation system restricts the supply of physicians (and thus drives up costs) considerably. My understanding of the process is that in order to get licensed, you need to intend an accredited med school. The Federal board that does the accrediting is basically run by the AMA, so there are some obvious perverse incentives there.
And to add on to what he said about high liability costs, that's a problem not only for medical practitioners but also for medical device manufacturers. The massive penalties associated with product liability lawsuits (and under the current legal structure, manufacturers are the only ones liable for device failures/accidents) act as a massive disincentive towards developing new medical technologies, and necessarily increase the costs of existing devices.
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