3chordcharlie
Diamond Member
- Mar 30, 2004
- 9,859
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Originally posted by: Dissipate
I can't say I disagree with any of that. But I can't understand your stance on eliminating the doctor cartel. Was it not you who claimed that healthcare has all these market failures and requires massive government intervention?
To me it would be more likely for you to claim that eliminating the cartel would have people wind up with incompentent doctors leading to a number of deaths.
While such an outcome is possible, if you look at the quality of applicants right now, it's clear that there are many more qualified applicants than acceptances; it has reached the point where acceptance cutoffs are so strict as to be statistically irrelevant compared to many applicants who do not meet the cutoff. Therefore there is no reason to suspect that allowing more students into medical schools would reduce the quality of graduates.
The market failure in healthcare is the problem of accurately determining a set of prices for services; the price of 'dying' is generally 'everything I have' so when you restrict the vailability of physicians, you can extract massive wages for the ones that are left.
If you removed the artifical doctor cartel, I might even come around to accepting some form of public/private healthcare as a more efficient system than what Canada uses now.
