Completely Overlooked in Health Care Bill: Supply

The Wall Street Journal has an article today on something that should have been obvious to all when creating the health care bill, but was completely ignored by the Democrats: supply.

At the current rate of medical school completion, the US could be 150K doctors short in the next 15 years. The government plays a great role in medical education because Medicare funds most of the costs associated with medical residencies.

Common sense would say that the government, in concert with expanding the amount of those who will want access to health care, would greatly increase Medicare funding for residencies, so that medical schools could expand and more doctors could be trained to meet the demand of 30 million new medical consumers. Not only was Medicare funding for medical residents not raised, Medicare was cut by $500 billion in an accounting move to make the bill seem less of a boondoggle.

As a result, there will be a huge shortage of doctors and a looming supply problem in medical care that will require a huge fix in the years to come.