Yoon Seok-yeol Supply advantage in medical care Laffer curve ‘Expansion of competition among doctors’ Hard-line conservatives
President Yoon Seok-yeol applied the Laffer curve of supply advantage to medical care and announced a hard-line conservative strategy for the medical system, saying, “A reduction in the supply of doctors will lead to the collapse of the medical system,” and “a market economy with fierce competition to expand the supply of doctors.”
Reaganomics in 1980 under the Republican Reagan administration was a hard-line conservative strategy for a supply-dominant economy and spread the Laffer curve as a belief with a 'strong small government strategy' of 'lower taxes to stimulate the economy by increasing corporate investment', but failed to measure the appropriate line for tax cuts. The 'fiscal deficit' grew and, combined with the increase in trade deficit, created a financial crisis with twin deficits in 1988.
Regarding the collapse of the essential medical system, President Yoon said, "This is because the number of doctors was grouped and reduced. As the number of doctors decreased, doctors were concentrated only on non-covered areas with high income. Our country has made great progress in non-covered areas such as beauty and plastic surgery. “The market principle must work to create fierce competition, but the number of doctors (doctors) has been reduced by 350 per year for 20 years, resulting in a decrease of 7,000,” he said on the 27th.
“It has become higher than any other job, and since it is only going out to fields with good non-coverage income, essential treatment is bound to be ruined,” he said, avoiding presenting the ‘point of view’, which is the key to the intersection of ‘supply and demand’ in ‘medical care’.
President Yoon's remark that 'if there are fewer doctors, non-coverage will be concentrated' was directly connected to 'if there are more doctors, the essential doctors will be secured', but it is the meeting of supply and demand that is essential for "operating the market principle to ensure fierce competition", which is a method of measuring the 'correlation between supply expansion and expansion of essential doctors'. The method of calculating each point in time was not mentioned.
President Yoon’s statement on this day that ‘the market operates with fierce competition’ is a variation of ‘expansion of the medical industry with an advantage in the supply of doctors.’
President Yoon said, "Increasing the number of medical school students by 2,000 is the minimum essential measure to fulfill the country's constitutional responsibility," and "the state determines the number of doctors," adding, "Establishing a free market system in the medical system by fierce competition among doctors." The ‘government-led doctor competition system’ was made official on this day.
Residents told Reuters about the reason for the strike, saying, “If the number of doctors increases, the government will cause overtreatment in the medical market,” and President Yoon’s “focus on non-reimbursement” was directly opposed to “reduction in supply (shortage of doctors).”
As the government converted from the previous medical insurance system to a health insurance system, the forced medical market was manifested in the expansion of ‘preventive care and examination’, and this time, the increase in the number of medical school students showed the ‘induction of a competitive market system’.
President Yoon said at the 'Central-Regional Cooperation Meeting' on this day, "I think we can find a solution for what to do in the future by going back in time and thinking about how the medical crisis of regional imbalance in medical services and the collapse of the essential medical system occurred." “This is because the number of doctors was ultimately tied down and reduced. “As the number of doctors decreases, doctors are forced to focus on non-benefit services with high income,” he said, citing the collapse of essential medical care due to lack of supply.
Regarding the expansion of supply, President Yoon said that compared to former President Kim Dae-jung's doubling of the number of people who passed the bar exam, this 'increase in medical school quota by 2,000 students' is "a necessary condition, not a sufficient condition."
The Laffer Curve's hard-line conservative strategy was to 'omit the starting point' and later strengthen the 'current forced tax cut' strategy with an 'appropriate line', concealing the policy of increasing the fiscal deficit in the real economy, and the accumulation of these led to the end of Rarenomics.
President Yoon said, "The demand for medical care has increased tremendously, and doctors' compensation and compensation systems have become higher than those of any other profession, and since they only go to fields with good non-salary income, essential medical treatment is bound to be ruined." It is a coercive strategy because no precise quantified figures are presented for changes in the number of doctors for non-covered subjects and measurement of changes in doctors for essential treatment.
Reaganomics promoted an open tax cut policy to conceal the strategy of breaking the backbone of the socialist economic system by strengthening the Cold War system between East and West and extreme military buildup under the pressure of nuclear war. However, due to the frequent provocation of war and abuse of public power through entrapment investigations, frequent domestic riots increased due to rigidity and increased expenses. He introduced a tax increase policy to deal with the fiscal deficit, but then gave power to the Democratic Party and created a financial crisis.