I'm aware that that many of doctors' high salaries are due to the government creating artficial shortages and I support less government regulation in order to make helathcare better and more affordable.
That having said, I don't think high doctors' salaries are the most important societal problem in healthcare. Years and years of studying, long working hours, great responsibilities, saving lives and healing patients: doctors are welcome to their high salaries.
Thanks! Had that wrong, or remembered it incorrectly. NYT says 10% in another article.
Its still considerable. Have to take into account that a 5% reduction in price can lead to a much higher increase of consumption than 5%, particularly on things like healthcare in the us that have clear excess demand.
That having said, I don't think high doctors' salaries are the most important societal problem in healthcare. Years and years of studying, long working hours, great responsibilities, saving lives and healing patients: doctors are welcome to their high salaries.