In an unrestricted market it does come down to earning whatever the market place finds you are worth. But I'm not so sure I agree that we need to put our best and brightest into the medical field. Most of our visits to the doctor don't require a rocket scientist.Darth Fedora wrote:Regarding vorpal blade's comment:
I'm not saying that doctors deserve to paid well just because they spend a long time in school. I'm saying that to make up for the opportunity cost of spending so much time falling into debt instead of making a salary while they're in school, you have to offer future doctors enough of an incentive that the really smart people will want to go into medicine.
It is really important for the quality of life of all Americans that their doctors be the best and the brightest. It's only marginally important to the quality of life if historians are smart. (please, nobody read that the wrong way, I'm not trying to open up a debate about the relative merit of the humanities)
One of my daughters is a nurse, and another one majored in a subject heavy with pre-med students. They tell me that the competition is ruthless to get good grades in school so you can gain acceptance to medical school. I suspect, but I can't prove it right now, that we could double the number of students admitted each year to our medical schools and the average intelligence of our doctors would not diminish. The quality of our doctors would be just as good or better.
What I would really like to see is more choice. What if I choose to go to a doctor who didn't get his degree in the U.S.? Would he necessarily be inferior to one of our doctors? And what if he were? Why can't I choose to pay one fourth as much to see this doctor than I would be paying to see an AMA approved doctor? I'm willing to take the risk, especially if the doctor was highly recommended by my friends.
A few years ago I had a cyst removed from my abdomen. Some people urged me to go to some specialist in another town. I choose to go under the knife of our local surgeon because I figured he was good enough. Why go to the expense of going elsewhere to do the job? I don't need the best and the brightest.
If we made it easy for foreign doctors to set up shop here, and let people choose for themselves to pay hundreds of dollars instead of thousands of dollars to visit the doctor, what would be the harm in that?