Actually, we do have a shortage of Doctors, especially Primary Care. Caps are set in place by Medicare to limit the number of residents in an academic program. Academic hospitals would love to increase their slots but Medicare won't allow that. I think last year something like 23k students applied to residency programs and only 6k got accepted. What happens to the rejected 17k students as they wander aimlessly to figure out what next? Re-apply next year?
I think the cap is set by Medicare because they pay the Residents salary across the nation.
6000 students * $60k resident salary = $360,000,000
I think the cap is set by Medicare because they pay the Residents salary across the nation.
6000 students * $60k resident salary = $360,000,000