The barriers to entry are high: 4 years of undergraduate education, 4 years in med school, 3 to 7 years of residency. Those years are very expensive, with the average med school graduate student piling up $250k of student loans. And if you’ve ever watched a friend go through med school and residency you’ll know it’s life-consuming; they are immersed in work and miss out on years of socializing and culture. The payoff at the end had better be commensurate or nobody will be a doctor.
Those years are very expensive, with the average med school graduate student piling up $250k of student loans.
Which, is turn, makes the healthcare industry extremely expensive in the US compared to just about any other developed country on earth. Add to that health insurance company profits and insane medicine prices. Very broken.
The barriers to entry are high: 4 years of undergraduate education, 4 years in med school, 3 to 7 years of residency. Those years are very expensive, with the average med school graduate student piling up $250k of student loans. And if you’ve ever watched a friend go through med school and residency you’ll know it’s life-consuming; they are immersed in work and miss out on years of socializing and culture. The payoff at the end had better be commensurate or nobody will be a doctor.
Which, is turn, makes the healthcare industry extremely expensive in the US compared to just about any other developed country on earth. Add to that health insurance company profits and insane medicine prices. Very broken.