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Good Health Means Healthy Finances
Caribbean medical schools have long been decried as diploma mills for the rich and undeserving; they are strictly for-profit institutions serving American kids rejected by U.S. medical schools, yet they rely on hospitals in the U.S. to provide the necessary clinical experience in the third and fourth years of a medical education. Of late, however, efforts have been afoot in New York City to preserve the limited space available in hospitals for those studying at American schools. But how is it possible for foreign medical schools to threaten turf belonging to American ones?
Because Caribbean medical schools are first and foremost businesses, they charge a lot of money to provide something of a second chance for students rejected by American medical schools. At an elite institution like Weill Cornell Medical College in New York City, donors from investment banker Sanford I. Weill to real estate developer Isaac Toussie provide a lot of money, resulting in tuition and fees of about forty-five thousand dollars a year. Compare that to the Caribbean ones, where it can cost up to sixty thousand dollars!
Now, due to such high fees, it's no wonder that Caribbean schools can easily pay New York hospitals to let in their students - and no wonder, what's more, the movement to restrict such access to American schools, which otherwise lose out.
Thus the turf war.
You see, hospitals agree to mentor, in effect, a medical school's students because they like to be associated with prestigious names. Caribbean medicals schools have no brand name to offer, but they do have several tens of millions of dollars to pump into a hospital's coffers, in effect paying for their students to be placed.
And what administrator is going to do without such money, especially in this economy?
Of course, medicine has always meant money. What's the outrage? That a bunch of rich kids got pushed aside by even richer kids? Okay, even if not rich, almost certainly "well-off," or at the least "rather comfortable," the overwhelming lot of them. So what's the surprise? Wherefore the indignation?
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