Monday, April 27, 2009

Shortage of Doctors - No Kidding?

When I saw the title of this NYTimes piece I thought, yep that's what happens in a free market for a scarce resource. The free market moves resources to where the demand is greatest, keeping all satisfied at the market price. When you limit supply, as doctors have been for years by the AMA regime, resources continue to follow demand, but not all will get what they need, and pricing differences will drive the solution, highest prices (in the cities mostly, or the Mayo Clinic) will get the docs. Economics 101 and a really bad way to allocate a public resource. Fix that Obama, a hard nut to crack.

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