House panel launches antitrust probe of medical residency system

 What's old is new again, as questions about the market for doctors focuses on the Match (as opposed to accreditation of residencies by medical specialty boards, etc.)

Reuters has the story:

US House panel launches antitrust probe of medical residency system  By Mike Scarcella 

"March 17 (Reuters) - A U.S. congressional committee is investigating how medical students are placed in residency training programs, seeking documents from major university hospitals, the American Medical Association and other organizations as part of an antitrust probe.
The Republican leadership of the House Judiciary Committee’s antitrust panel sent the hospitals and groups letters on Friday saying they are investigating whether restrictions on hiring practices in the medical residency market suppress aspiring doctors' mobility and pay and contribute to doctor shortages."

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Earlier:

Monday, May 28, 2018

Protecting and Preserving Competition in Matching Markets--Antitrust and the Medical Match (video)

 My talk there begins with a description of the Match and its history, and I address antitrust starting right around minute 30.  (There's also a bonus video about how the Match would work at Harry Potter's Hogwarts...)

Match Day: new doctors can be eloquent

 Last Friday was Match Day, when medical students learn where they matched to a residency position.

Here's the story from Stanford:

Students open envelopes and learn their futures on Match Day
In concert with graduating medical students around the nation, members of Stanford School of Medicine’s Class of 2025 discovered where they’re spending the next leg of their training journey. 

"on the third Friday in March, all at the same time (noon on the East Coast), the medical students learn their fates.

This year, 81 Stanford Medicine graduates matched to residency programs in specialties ranging from psychiatry to ophthalmology to pediatrics. About 40% are staying at Stanford Health Care – a typical proportion.

...

"Basil Baccouche (who matched to internal medicine at Brigham and Women’s), chosen by his classmates to speak at the event, highlighted emotional moments during medical school.

“Medical school was the first time many of us saw the beginnings of life and the coming of death. The astonishing responsibility of caring for another person,” he said.

“I’ll never forget the first time I delivered a baby. Suddenly, there was one more of us in the room, and I began to cry.”

Signaling to decongest job applications and interviews: update on the market for medical residents

 Signaling for interviews is evolving in the market for new doctors, i.e. for medical residencies.  Some specialties are allowing a relatively small number of signals (as in Economics), while others are moving towards many signals, which are functioning as soft caps on the number of applications, since many residency programs in those specialties won't give an interview to someone who doesn't signal them.

Ozair, A., Hanson, J. T., Detchou, D. K., Blackwell, M. P., Jenkins, A., Tissot, M. I., Barrie, U., & McDermott, M.  W. (2024). Program Signaling and Geographic Preferences in the United States Residency Match for Neurosurgery. Cureus, 16(9), e69780. https://doi.org/10.7759/cureus.69780