> “competition” won’t improve it or control it because there is always a supply side shortage of provision.
Why is there always a supply-side shortage?
Why is there always a supply-side shortage?
The AMA was concerned in the 90s re: "oversupply" of doctors and the impact on doctor salaries, lobbied the Republicans (around the "Contract with America" timeframe) and got language limiting NIH-funded residency slots codified.
The AMA is backpedaling on that stance now but the damage is already done.
There's only so many doctors, only so many MRI machines, so many valve stents, so many syringes.
Everything on earth is supply constrained.