The AMA is the American Medical Association and was started in 1847. Their mission was to lobby the government to raise the medical standards required for someone to be a doctor. Their goal was to increase the medicine quality in the United States. This worked. What the association was not able to foresee was the negative side effects that would follow from lobbying for this. Because of these higher standards, this actually has caused much less people to become doctors. And because there are now less doctors but higher quality, this has caused the prices to increase very much. "The number of physicians per 100k in population decreased from 164 in 1910 to 125 in 1929 (24% decrease, 28% decrease since 1900)." The price of medicine rose over 2x, some argue this was just a side effect, others argue this was to get the doctors more money. They say that this was "The real reason: average doctor salary: $1000 in 1900, $6354 in 1929 (535% increase!)." So, although the AMA did increase the quality of US doctors, it decreased the amount of doctors and increased the price for doctors.
Chapter 5 Read, Respond, Reply
Dr. Backfire
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