Wow, out of all the comments I have disagreed with you about(which has been many), this one is the most glaring.
You really think we are not attracting the best and brightest in the medical field?...now that is funny...wouldnt the elites and wealthy not be affected by the cost of the education as daddy would pay for it(which does happen in a small % of medical students)???...3/4 of medical students are poor to middle class and work their butt off to get in...their GPA, MCAT scores are better than 90-95% of others...for certain residency prog's(after completing med school) there are 200 applicants for 1 residency spot...you dont think these are the cream of the crop???...even if your father was a well known physician, you are not getting in unless your GPA and MCAT warrants admission...now if you are in a gray area, having connections will prob get you in.
BTW, the so called "poor" make up the majority of med students right now...when the cost of tuition is 30-40K, 90% of applicants are too poor to afford this hence they need many types of loans to make it through med school...and when you finally get your MD degree and you are doing residency, they will pay you a whopping 40-45K now, real good money for somebody with a doctorate degree...
Originally Posted by 11Series
Labor costs are pretty common to be somewhere between 20-35% of any business's expenses. It would be crazy to imply that any company could ignore labor costs and be successful.
We are NOT attracting the "best and brightest" into the field of medicine to become doctors. We are attracting the wealthy and the priviledged who can shoulder massive education bills to become doctors, to the exclusion of many of the "best and brightest" who simply cannot afford to become a doctor.
If we can take a big chunk out of medical school debt, so that becoming a Doctor isn't such a financial roll of the dice, then we can REALLY attract the "best and brightest".