The federal government has a lot of money. So does the California government. So does the San Francisco government. So does the Bill and Melinda Gates Foundation. So does Harvard University. So does Amazon. So does UnitedHealth Group. So does NY Presbyterian.
I reiterate: Why does the federal government need to pay for every single residency?
Or rather, misaligned incentives. If they aren't paying for residencies today, there's no reason to believe they'll magically do so tomorrow. Also, if a state decides to do so, that still leaves every other state with insufficient funding for residencies.
They don’t seem to be getting anywhere. Looking at the current state of Congress and the trend line I’m not super optimistic they will pass any sort of “common sense” laws in any area anytime soon.
What I’m suggesting then, is perhaps all these advocates should find some other trees to bark up. Maybe they’ll get no where, maybe they’ll be pleasantly surprised.
Or they can just keep doing what they are doing. I don’t especially care.
* Systems not hospitals. These groups are gobbling up the entire industry. Hospitals are only a part of their diversified portfolio of businesses.
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What about the universities with the medical schools? How many of them are sitting on giant endowments?