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Martin Odber

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Can the shortage of doctors be solved using an adaptation of the third law of supply and demand?

The third law of supply and demand states "If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price."
( http://en.wikipedia.org/wiki/Supply_and_demand )

If we increased the rate of new doctors entering medicine (using mechanisms such as but not limited to; subsidizing doctors education, further compartmentalizing aspects of health care etc ) until we reached a surplus state then would waiting times and the cost of healthcare go down accordingly?

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  • Sep 9 2013: Then what? Do that with all professions? This sounds familiar.
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      Sep 9 2013: At the moment the focus is on finding a way to improve delivery of medical services however I agree with you that most or many aspects of society can always benefit from improvement.

      Welcome to the conversation Taylor. How would you improve today's medical system delivery?

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