[ExI] ...or else... was: RE: What happens when Bitcoin goes to a million bucks?

[spike]

-----Original Message-----
From: extropy-chat-bounces at lists.extropy.org
[mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of Stathis
Papaioannou
...
>
>>... Nursing can be taken as a college major, right out of high school.  
> Why not medical school?  Why not pharmacy?  Wouldn't that increase the 
> pool of doctors, and drive down the cost?

>...Why would that drive down costs? In Australia and most Commonwealth
countries the traditional medical degree is a 6 year undergraduate course
with a 1 year internship, 7 years in total. At some universities that has
recently been changed to a 3 year premed degree and a 3 + 1 year
postgraduate medical degree. The reason given for the change is that
students will go into the medical degree more mature and more certain that
it is the career for them than if they had to decide as 17 or 18 year olds.
But the course is basically the same and costs the same.
--
Stathis Papaioannou
_______________________________________________

Medical school costs could be reduced by use of online learning.  Then after
a typical one year of home study, students could take a comprehensive
in-person test to qualify for the expensive lab courses.  The doctors would
have less time invested in their training, so they would be able to pay off
their debts on lower salaries.  The increased supply of doctors would also
drive down salaries.  The removal of the law business from the medicine
business is an even bigger potential savings than use of doctors who have no
bachelor's degree.

spike