Admiral Rockwell Tory
Diamond Member
I agree to some extent the supply vs demand for doctors is certainly a part of the problem but there are a lot of other factors.Doctors are expensive because there aren't enough of them to meet demand.
There aren't enough of them to meet demand because they aren't building enough colleges to provide that supply. The colleges are all full. Normally when something is full, you build it bigger to accommodate more customers. These Medical Colleges don't do that because the Federal Government only pays for so many seats. They don't get more government money for building more seats. It's not supposed to work that way. Demand goes up you raise prices or you expand supply to meet demand. Then prices go back down once demand is met. Colleges are not meeting demand.
I have a grandson that is graduating from High School this year that hopes to study medicine. The hurdles in doing so are huge. To get in med school, he's going have to be in the top 10% of his class due to the problem you mentioned of not enough capacity in med schools.
He's going to an in state university to keep cost down. We are estimating the cost will be $90,000 to $100,000 for undergraduate schooling and living expenses. After graduation and if he get's into med school at the university, the cost will be about $180,000 for 4 years. Plus additional funds are needed while in residency and other misc. expenses. Then there's time, 4 years of undergraduate, 4 years of med School, and 2 years of residency. So we're talking about working your ass off to make the grade for 10 years and forking out or borrowing at least $300,000. So when he starts working he will be 30 years old and have a $300,000 college loan.
First, he needs to find a less expensive school! If he has good grades, he should have plenty of scholarships. My daughter just finished a 4 year degree for less than $50,000, and I didn't pay a dime. Thank you Uncle Sam!
Must be nice to be a republican and suck off the government teat.
She earned it, just like I did. She risks her life for you.
Well you didn't say she had the GI bill now,did ya? What makes you think I didn't risk my life for the likes of you?
It was not the GI Bill. Thank you for playing? Want to try another guess?