Actually, the problem is the number of residencies. Once you graduate from medical school, you MUST complete an accredited residency program to be able to practice independently. The number of residency programs is controlled by Congress because residencies are funded through Medicare, and the last substantial increase in the number of residencies was when they added 1000 more in the Covid Omnibus bill.
It’s actually a growing crisis because more medical schools are opening and existing ones are increasing their class sizes, but the number of residencies isn’t keeping pace. This means that more and more people are going to be medical graduates with no way of obtaining a medical license without a residency and therefore no way to pay off their student loans. There’s a couple stories every year about medical graduates that couldn’t get into residency or couldn’t complete residency that end up dying by suicide, but it gets pretty effectively swept under the rug.
Actually, the problem is the number of residencies. Once you graduate from medical school, you MUST complete an accredited residency program to be able to practice independently. The number of residency programs is controlled by Congress because residencies are funded through Medicare, and the last substantial increase in the number of residencies was when they added 1000 more in the Covid Omnibus bill.
It’s actually a growing crisis because more medical schools are opening and existing ones are increasing their class sizes, but the number of residencies isn’t keeping pace. This means that more and more people are going to be medical graduates with no way of obtaining a medical license without a residency and therefore no way to pay off their student loans. There’s a couple stories every year about medical graduates that couldn’t get into residency or couldn’t complete residency that end up dying by suicide, but it gets pretty effectively swept under the rug.