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Matt Boulton's avatar

One place to look is here in Korea. Friends and I have tried to theorize why it seems to be so affordable and high-quality. The thing I do know is that I never fear going into a doctor's office or hospital for even the slightest thing. I'll get quick, effective treatment at very low cost.

I wish I knew how they do it. I know it could be better still, but it's already like nothing an American--or my fellow Canadians--can even believe is possible.

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Rob's avatar

Yes! One of the obvious problems is the artificial constraints on the supply of doctors. This includes limited residency slots, certification of immigrant doctors who studied abroad, the requirements for entering medical school (why do you need a pre-med degree?) etc.

Of course there are many other issues but it seems obvious that these artificial constraints on the supply of doctors increase the price of their services.

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