Re:You Can Thank Private Equity for That Enormous Doctor's Bill
by nradov on Thursday May 30, 2024 @09:30PM
(#40530594)
Length of residency depends on specialty, but is generally at least 3 years and can be 7+. Some physicians also have to complete an additional fellowship before they can really practice independently.
There is a real shortage of residency program slots. Every year some students graduate from medical school with an MD but are unable to practice medicine because they don't get matched (some of those do get matched the following year). The most effective thing we could do to increase the supply of physicians (and reduce their wages) would be to get Congress to allocate more Medicare funding to expanding residency programs.
https://residency.wustl.edu/residencies/length-of-residencie...
There is a real shortage of residency program slots. Every year some students graduate from medical school with an MD but are unable to practice medicine because they don't get matched (some of those do get matched the following year). The most effective thing we could do to increase the supply of physicians (and reduce their wages) would be to get Congress to allocate more Medicare funding to expanding residency programs.
https://savegme.org/