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- Apr 22, 2007
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So, with ObamaCare likely to be ruled Constitutional (except for the mandate) I was wondering about these insane medical school tuition costs. Is there no end in sight? Can these schools keep raising tuition costs every single year? Is there no limit to what they can charge?
I understand the free market principles at work here but is it really free market when the govt decides what your services are worth and you have little choice but accept that fee?
The way I see it is that a young person starting a private college today followed by a private medical school could easily spend $350-400K on his/her education.
Even if the cost is $250K (a more realistic number) how is a family practice physician who sees Medicaid/Medicare patients supposed to earn a living and pay that back?
Surely a socialized system with capped reimbursement should consider the cost of educating the physician? Or, must the system totally break-down before this problem gets addressed?
Do any of you med students see this as issue in your career? Are you concerned about the debt vs reward ratio going forward under ObamaCare?
With the number of CMS patients skyrocketing over the next 20 years the issue of medical school debt vs govt limited reimbursement is a real one.
Yet, medical school still remains extremely competitive and Residency positions are like Gold.
I understand the free market principles at work here but is it really free market when the govt decides what your services are worth and you have little choice but accept that fee?
The way I see it is that a young person starting a private college today followed by a private medical school could easily spend $350-400K on his/her education.
Even if the cost is $250K (a more realistic number) how is a family practice physician who sees Medicaid/Medicare patients supposed to earn a living and pay that back?
Surely a socialized system with capped reimbursement should consider the cost of educating the physician? Or, must the system totally break-down before this problem gets addressed?
Do any of you med students see this as issue in your career? Are you concerned about the debt vs reward ratio going forward under ObamaCare?
With the number of CMS patients skyrocketing over the next 20 years the issue of medical school debt vs govt limited reimbursement is a real one.
Yet, medical school still remains extremely competitive and Residency positions are like Gold.