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NEJM - The Economics of Graduate Medical Education (Good read)

Discussion in 'Pre-Medical Allopathic [ MD ]' started by Thego2guy, 05.15.14.

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  1. Thego2guy

    Thego2guy 5+ Year Member

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    I found this to be an interesting read given the reputation of the authors and the publisher. I figured you guys would enjoy it and if we have any floating med students/residents around here, they can chime in on this topic.

    Edit: Here is the link

    http://www.nejm.org/doi/full/10.1056/NEJMp1402468
     
    DifferentialDiagnosis likes this.
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  3. NickNaylor

    NickNaylor Daisy the Dog Lifetime Donor 7+ Year Member

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    I completely agree. Panel B is all you need to see to understand what's going on here. No increase in funding towards residencies yet the number of residents continues to increase. The argument that residents are a net drain on the hospital is ludicrous. Quite the contrary: cheap labor in the form of residents saves hospitals money by allowing them to not pay a midlevel to do the same work at probably double the cost while freeing up attendings to generate more volume.

    No matter what anyone says, it's all about the Benjamins.


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  4. Thoroughbred_Med

    Thoroughbred_Med 2+ Year Member

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    Totally agree. This was a great article.

    Of course, no medical student wants to hear this but someone had to be the one to publish those figures...
     
  5. Thego2guy

    Thego2guy 5+ Year Member

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    I agree with you. Have you seen this recent thread though? http://forums.studentdoctor.net/threads/why-do-residents-make-so-little.1068298/

    A lot of the residents and attendings tend to disagree with the notion that residents yield a net profit. Hence when I saw this article in NEJM today I immediately thought of that thread. Anecdotal evidence < economic + statistical analysis.
     

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