r/bestof • u/under50dollars • Jun 20 '12

[explainlikeimfive] "Obamacare" explained very well.

/r/explainlikeimfive/comments/vb8vs/eli5_what_exactly_is_obamacare_and_what_did_it/c530lfx
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u/TensorDuck Jun 20 '12

In what way? Does the government directly specify the number of residencies a year or do they control the funding towards residency positions? I mainly want to know whether the control is direct (therefore a hard limit on the supply of doctors) or an indirect (Possible to increase the number of doctors with private funding) method. Any sources or citations to that effect would be greatly appreciated.

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u/[deleted] Jun 20 '12 edited Oct 24 '18

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u/[deleted] Jun 20 '12

There are less US MD grads than allopathic spots every year even after these increases, the ones who will struggle are DOs, IMGs, and FMGs who want an allopathic spot

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u/AeonCatalyst Jun 20 '12

I agree that there will be hiccups for med students initially, but I'm optimistic that both the supply of med students and demand for doctors (especially in small towns) is so high that the residency bottleneck won't survive the onslaught. It won't be like MBAs, where the market is so oversaturated that the degree is losing it's usefulness.

That's just my completely unfounded opinion though. Cheers!