*Sarcasm de-intensifies*
LONG POST AHEAD.... TL;DR: Mid-level creep is expected, and economics predicts it.
From a purely economic standpoint, mid-level creep makes a lot of sense. It also makes a lot of sense why policy makers, news folk and propaganda-masters are making a lot of stink right now.
There are a few major economic factors behind "mid-level creep" assuming a near free-market system: (a) a quasi-monopoly on a resource with high demand and (b) consumer surplus. Any economist, policy maker, and provider will tell you that there is money in health care, (a) plays a large role in the legislation that has passed and will continue to pass in the future and (b) is why Doctors will still be fine .
To follow up with (a), MD's had a monopoly-like hold on a lucrative business.
This means that because there were a set quantity of medical doctors graduating at any given year, and legislation in place to secure their practice and profits, the effect was an artificial rise in the price of the good (healthcare) due to a push to the left on the graph of supply (see above). Anytime someone has a status like this in a lucrative business, there is incentive to find ways to increase
competition (i.e. supply). This clearly leads to the eventual rise of mid-levels, which pushes the "profit maximizing monopoly qty" in the graph line to the right over time. In the model, prices will equalize at the meeting point of supply and demand eventually if an
identical service or good is provided by all competitors.
This will never happen in real life because MD's and DO's are not identical to NP's or other mid-levels, but eventually all shared procedures will drop in price/compensation. This may matter at first, but it won't really change the bottom line in the
long-term because of (b)
. This leads us to the second point, (b) consumer surplus.
If there is a business with a set demand and supply, then there is incentive to get as much money as someone is willing to pay for any particular good or service. In a "dystopian" future where MD's, DO's, and NP's, all compete with the same service (would never happen); there will be incentive to build into the structure of service a way to take more for the same product, or otherwise find a way to differentiate the service/good to make more money. For example, if you want a soda, a company used to sell X and was paid Y. They increased profits by establishing a new system. They are now happy to sell you a medium (baseline price/product
X), but offers a large (
2X) or a small (
X/2) the beauty of this, is that they can sell
X/2 to people that wouldn't have every bought
X and make more money, and can sell
2X to people who are willing to pay more for almost the same product/service.
In health care, doctors are seen as "higher quality" (like
2X) so can take more money for some of the same products or services. Doctors provide a higher level of service to pay who are willing to pay for it, so they will continue to take this consumer surplus to the left of the equilibrium point in the graph (make more $$$ than or mid-levels).
As long as the quality remains, and even if the eventual competition destroys the monopoly, Doctors will still be fine. Don't people still buy porches when Toyotas will get you from A->B just as well? Take pride in becoming future Porches in the health care system, MD and DO students. Eventually, all shared services between MDs/DOs and mid-levels will be given up by MDs/DOs or they will have to find ways to subdivide the service/good even more to make more money. Since MDs/DOs are the highest quality provider, they will still always make the most money, even if they eventually lose cash on shared procedures.