Abstract
The issue of the necessity and value of Graduate Medical Education, also known as GME, is a matter of studies and researches on the local levels. The economics of such phenomenon as GME is pretty complicated and has lots of positive impact. GME is extremely expensive as it is held nationwide. Medicaid is the main program that finances GME, with funds being delivered on both federal and national level. GME allows controlling the number of physicians and avoiding shortages. It creates conditions for saving recruitment costs that can be redirected to patient care needs, increases patient care quality and ...
