Why America Has So Few Doctors

As a matter of basic economics, fewer doctors means less care and more expensive services. | By Derek Thompson via The Atlantic

The U.S. is one of the only developed countries to force aspiring doctors to earn a four-year bachelor’s degree and then go to medical school for another four years. (Most European countries have one continuous six-year program.) Then come the years of residency training. Many graduates have $200,000 to $400,000 in outstanding student loans when they enter the workforce. Medical education is a necessary good; nobody wants charlatans in the OR and snake-oil salesmen prescribing arthritis medication. What I’m asking is: What advantage do these additional years and loans get us?

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