1. An Economic Perspective
Health Policy Issues
An Economic Perspective
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2. Why Is Getting Into Medical School So Difficult?
Chapter 23
Why Is Getting Into Medical School So Difficult?
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3. LEARNING OUTCOME
Explore how the market for medical education differs from other markets and how reform measures that increase competition would affect the performance of the medical education industry
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4. Lecture The Market for Medical Education in Theory
Exhibit 23.1
The Market for Medical Education in Practice
Accreditation for Medical Schools
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5. Lecture (continued) Recommended Changes
Ease the Entry Requirements for Starting New Medical Schools
Reduce Medical School Subsidies
Place More Emphasis on Monitoring Physician Practice Patterns
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6. Medical School Applicants and Enrollments, 1960–2013
Exhibit 23.1
Medical School Applicants and Enrollments, 1960–2013
return to lecture
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7. Discussion
How does low tuition contribute to the shortage of capacity in medical schools? Why is starting a new and innovative medical school so difficult?
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8. Summary
The competition among medical schools that would result from reducing their subsidies (or providing them directly to students) and permitting the opening of new schools would improve the performance of the market for medical education. Easing entry restrictions would make opening nontraditional schools (and innovating in existing schools) easier, allowing more qualified students to be admitted to a medical school.
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9. Summary (Continued)
Qualified students would no longer have to incur the higher expense and longer training times of attending a foreign medical school. Emphasizing outcome measures and appropriateness of care would better protect the public from incompetent and unethical physicians.
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10. Summary (continued)
Reducing government subsidies to medical schools would force medical schools to be more efficient and innovative in structuring and producing a medical education. Further, distributing subsidies to students according to family income rather than to the medical school (which results in a subsidy to all students) would enhance equity among students receiving a medical education and force medical schools to compete for those students.
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