Sunday, April 17, 2011

More doctors gravitate toward boutique practice

The Boston Globe reports:
Concierge medicine is expanding as more doctors — and patients — tire of assembly-line primary care, opting for something more personal, and pricey.
There are some very happy customers:
Dan Hecht, chief executive of MDVIP, said that patients are very satisfied with the extra service, with about 92 percent of patients renewing their memberships last year.
We doubt ObamaCare central planners took any of this in to account. You might say the "supply" of medical schools hasn't kept up U.S. population growth, campaign contributions will tend to do that. Stay healthy! Check out some amazing facts concerning medical schools from Professor Mark Perry:
There are 130 medical schools in the U.S. (data here), which is 22% fewer than the number of medical schools 100 years ago (166 medical schools, source), even though the U.S. population has increased by 300%. Consider also that the number of medical students in the U.S. has remained constant at 67,000 for at least the period between 1994 and 2005, according to this report, and perhaps much longer.
Just a reminder, limiting supply raises prices.