Because of the nature of the healthcare market a reduction in physician salaries would be almost entirely captured by private equity and insurance companies.
The only realistic way a reduction in physician salaries leads to a significant reduction in costs is with a single payer system.
>fractal/recursive
This is just wishful thinking. I can think of zero mechanisms where paying physicians less has a compounding negative effect on prices.
I can think of several mechanisms for how it would have a compounding positive effect.
Decrease in quality, decrease in recruiting, acceleration of retirement etc…
Because of the nature of the healthcare market a reduction in physician salaries would be almost entirely captured by private equity and insurance companies.
The only realistic way a reduction in physician salaries leads to a significant reduction in costs is with a single payer system.
>fractal/recursive
This is just wishful thinking. I can think of zero mechanisms where paying physicians less has a compounding negative effect on prices.
I can think of several mechanisms for how it would have a compounding positive effect.
Decrease in quality, decrease in recruiting, acceleration of retirement etc…