Among the reasons (first list): #s 2 and 3 are ways in which the AMA restricts supply in the US. The AMA may claim 'quality' (and who can gainsay claims of quality in health care) but one suspects that restricting supply and keeping salaries high is an at least equally valid (note the round about elocution) reason.
Claims that something is 'complicated' can be used to obscure and it seems to me to that one very clear source of problems in health care is the AMA. On the other hand, the AMA represents pretty much all doctors in the US and if they're earning above market salaries you can bet that most of them would strongly defend that. "They spent so many years in med school"; "they have so much student debt"; and "health care is unimpeachably a matter of quality" - right?
Financial markets are 'complicated' and that's why we can't do anything about those either.
Claims that something is 'complicated' can be used to obscure and it seems to me to that one very clear source of problems in health care is the AMA. On the other hand, the AMA represents pretty much all doctors in the US and if they're earning above market salaries you can bet that most of them would strongly defend that. "They spent so many years in med school"; "they have so much student debt"; and "health care is unimpeachably a matter of quality" - right?
Financial markets are 'complicated' and that's why we can't do anything about those either.