We are much more able to help our young adult offspring at this point in our lives compared to the years when they were in elementary school or when we were paying tuition for one or more at universities.
My point is that physicians are exceedingly well compensated in the US and do not need student loan forgiveness or any other taxpayer funded handouts.
Do you think medical care in the US is accessible to all? Affordable to all? Or even to enough people?
There are many many pieces as to why health care is so expensive in the US but one factor is the cost of higher education in the US. We are graduating newly minted doctors with hundreds of thousands of dollars in medical debt. They then face very large start up costs and probably relocation costs as they launch their career—at a time when many are thinking about purchasing a home —requiring a down payment—or rent—rents are extremely high so that’s not much of a savings, and starting a family.
Taking away the cost of loan repayment —or dramatically reduce it abd you take some of the economic pressure off the equation.
It’s only a part of the issue but it is part of the issue.
Are your insurance costs for doctors eye-watering stupid like in Australia?
To set up a surgery you need insurance, paying off the HECS (uni debt) debt, equipment, at least a nurse/receptionist, nice place to set up, rent etc. The amount a doctor must charge per hour is already high before they open their doors. Add to that ther livings costs viz. house, car, food etc. then it is no wonder medical costs are so high.
Though in Australia now the surgery location has changed relative to other costs. In the 60s-90s the surgery had to be in a nice, large house somewhere in a nice suburb. People just would not go to a place deemed "unsuitable" for a surgery. Nowadays they will go to a converted factory in an industrial site on the edge of the suburbs. One change for the better.