MD or MBA?
Last year, Overcoming Bias reported that patients treated by physicians from top medical schools weren't any healthier than patients from plebeian schools but they were treated less expensively. At the time, I commented:
This might seem odd. It's similar to a claim that top-ranked financial advisors cannot beat the market but can perform better first aid.More recently, Overcoming Bias reported that MBAs can be found in operating rooms telling doctors how to use medical equipment:
Can’t you feel the shame? You pick a prestigious doctor to solve your problem, and instead he’s taking orders from some lowly MBA! Horrors. Such low status folks might, gasp, recommend things to make money, not like surgeons, who are far too high status and “professional” to care about such lowly things as money.It looks like business schools are giving medical training and medical schools are giving business training.
By the way, I wonder how many people who would otherwise have become physicians decided to get MBA degrees instead because they were worried about the government nationalizing health care. Anyone who did so found that financial firms were nationalized first … and with less opposition.