Correcting the Oversupply of Specialists by Limiting Residencies for Graduates of Foreign Medical Schools

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Abstract
It is estimated that there will be an excess of approximately 165,000 specialist physicians in the United States in the year 2000.1,2 Consistent with these projections are anecdotal reports that physicians completing residency training in some specialties are having difficulty finding suitable professional opportunities and that the growth of managed care is adversely affecting established specialty practices in some regions.There is no consensus on how to address the problem of an oversupply of physicians. At issue are conflicting views on the appropriate roles of government and the market in restricting the supply of specialist physicians. Analysts who see . . .