•••quote:•••Originally posted by DaneMD:
•The way I see it, no hospital will ever go belly up in a free market system. Hospital X could offer a residency that paid even less than what they pay now and still get the position filled by desperate IMGs.
I really don't understand. I wouldn't like to see the Match go. I don't know so much about it but it seems like a fair system to me.•••••Unfortunately, at this point, it's all just idle speculation. Things being what there, let's see what I can make of it...
1. The residents are complaining that the NRMP allows the hospitals to keep the salaries low, and work hours high. Agreed: on the average, compared to other professions the salaries are low, and the workload high. This is more of an issue for AMGs with their massive debts than IMGs like us. However, I don't know to what extent the NRMP is responsible for it.
2. The residents want the freedom of "shopping around" for the best residency. Now this has advantages and disadvantages. Personally, I too like the Match; since we IMGs have the added luxury of "shopping around" for Pre-matches, we know how bad a non-Match situation could get.
3. OTOH the work conditions for residents, though much, much better than those at home, are poor compared to people working in other fields.
Now, letting my imagination run wild and supposing the Match is eliminated and free-market economy rules, IMGs, willing to work dirt-cheap MIGHT have an advantage. Having said that, there might be 2 types of repurcussions:
1. Programs unable to afford AMGs might resort to hiring IMGs; thus the existing sub-class of IMG-friendly hospitals might be further defined.
2. What would happen if salaries are given on the basis of "competitiveness?" Would this mean an AMG from, say Hopkins or HMS would get a better pay than a state school, and IMGs from the Caribbean get less than AMGs but more than other IMGs? Would this mean different residents within the same program getting different salaries?
The mind boggles at the possibilities.......