I can understand why you might think this, but you're factually incorrect in this case.
In the United States, the supply of medical doctors is artificially limited by state laws that prohibit the practice of medicine without a license. Licensing requires successful completion of an accredited medical residency program, which on turn requires completing an MD degree from an accredited medical school. The American Medical Association and similar state-level groups effectively control the number of residency and med school slots by controlling the accreditation process.
Most of the rest of the world has similar systems in place, including India.
On the one hand, the AMA system has been described as a means of guaranteeing the quality of doctors, and preventing unsuspecting patients from being hurt, killed, or defrauded by poorly trained doctors.
On the other hand, it's also been described as cartel designed to allow doctors to charge inflated prices for medical care, by limiting the supply of doctors, and extracting unreasonable rent from the public.
Most economists would agree that both descriptions are basically correct.
In the United States, the supply of medical doctors is artificially limited by state laws that prohibit the practice of medicine without a license. Licensing requires successful completion of an accredited medical residency program, which on turn requires completing an MD degree from an accredited medical school. The American Medical Association and similar state-level groups effectively control the number of residency and med school slots by controlling the accreditation process.
Most of the rest of the world has similar systems in place, including India.
On the one hand, the AMA system has been described as a means of guaranteeing the quality of doctors, and preventing unsuspecting patients from being hurt, killed, or defrauded by poorly trained doctors.
On the other hand, it's also been described as cartel designed to allow doctors to charge inflated prices for medical care, by limiting the supply of doctors, and extracting unreasonable rent from the public.
Most economists would agree that both descriptions are basically correct.