Originally Posted by Ocean
you don't want the underpaid guy to do it.
The negation of overpaid is not underpaid. German doctors are not underpaid. There is zero evidence that the US surgeon who removes your appendix is better qualified at that job than his German counterpart. He probably went through a more selective process but that extra selection has only negative benefits for society (but positive ones for the surgeon). The production of American doctors is rationed, which is partly why they can get away with being overpaid. So is the delivery of quality care. So only rationing explains the excessive compensation of American doctors.
Again there is no evidence that US doctors are any better than their European counterparts so, quality wise, that extra selection (the premed syndrome) is worthless.