Question

Given the high and growing salaries of physicians and surgeons, the abundance of Sino dollars looking for borrowers, the federal government’s 100,000-residency cap on federal funding, and growth in the number of applicants for residencies that exceeds growth in the economy, why is there not more private financing of medical residencies in the United States?

Answer 1

• During the training of new graduates, the residents spend long hours in clinic where they learn from attending physicians.

• Since there are about five billion residents , salary for these are funded by the US govt.

• Earlier , A medicare was funding for the residensy positions throughout the country.

• 58 % of community hospitals in the United States are not profit and 21 percent is government owned and rest is private owned for profit.

• Medical residencies are from always funded by the government.

• Private sector has a very low share in medical areas because of which they are hesitent of investing in such financing.

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