NEJM: Are We in a Medical Education Bubble Market?

[i_wanna_be_Brown]

<p>^the point of the article was that if we are going to cut physician pay then we have to cut medical education costs. This is regardless of the proportion of the problem that is attributable to physician salary.</p>

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We just have to recognize that the high costs of medical education are sustainable only if we keep paying doctors a lot of money, and there are strong signs that we can’t or won’t. Only about 20% of health care costs are attributable to physician payments, and many of the current efforts to reduce costs are aimed elsewhere, such as hospital payments, and have only indirect effects on physicians’ earnings.
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The general lesson is that if we want to keep health care costs down and still have access to well-qualified physicians, we also need to keep the cost of creating those physicians down by changing the way that physicians are trained.

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