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Their stated reasoning for showing scaled scores was so that testers (and med schools) could see how widely people had cleared the Pass threshold. There is absolutely no way that in 1992, they expected their median would become our fail threshold, or that getting an 82% versus 88% would drastically change your specialty and program options.
And I definitely don't think the net effect of Step 1 Mania was a reduction in student stress levels. It's been increasing per the faculty that have watched it. The unknown is always scary to the first cohort (much like COVID for my year). But if we bump this thread in the year 2030, the current med students will no doubt laugh us off the forums for claiming our setup was the most fair or sensible or identified the best residents.
I just don't see how we can excuse them in 1992 like they're the victims. I think using a scored exam has pretty predictable consequences. In my opinion the increasing student stress is more likely to be attributed to the increasingly competitive nature of residency applications - using step 1 as a benchmark is more a symptom of that than the disease itself, and even though I think p/f would have been the right decision eventually, changing that now without a plan for better objective measures (preferably something that is more longitudinal rather than dependent on a single test day) will temporarily increase student stress in the near future.