In 1963, there were only 135 law schools in the U.S., so the increase to 200 today represents almost a 50% increase over the last 45 years in the number of U.S. law schools. Unfortunately, we’ve witnessed exactly the opposite trend in the number of medical schools. There are 129 medical schools in the U.S., which is less than the number of medical schools 100 years ago (166), even though the U.S. population has increased by 300%. Consider also that the number of medical students in the U.S. has remained constant at 67,000 for at least the period between 1994 and 2005, according to this report, and perhaps much longer. The number of applicants to medical school keeps going up, by almost 22% between 2003 (34,786) and 2007 (42,315), despite the fact that the number of students admitted has gone up by only about 7% (from 16,538 to 17,759) over that period.
Apparently law schools are responding to the demand by creating more supply, while medical schools aren’t. Mark Perry’s analysis continues…
If we had 129 law schools (instead of 200) and 200 medical schools in the U.S. (instead of 129), it would probably go a long way to solving our "health care crisis." More MDs at much lower salaries along with fewer lawyers and lawsuits would be a good thing, no?
Probably. Or as one person commented on his post,
Maybe we would have more medical schools if doctors could make a living suing lawyers for malpractice.