Re: [hangout] Re: pittance

At 04:52 PM 4/12/2004, DK Smith wrote:

>Do professional licenses inflate the price of professional services?

Considering that corporate executives and politicians don't require licenses?

>is this one explanation for the high cost of Health Care services?

I don't know why that would be. Hopefully it's one factor that keeps 
incidents of malpractice lower rather than higher. Relevant imo is that 
short of the courtroom, definition of malpractice in any licensed 
profession though I'm thinking of medicine now in particular is based on 
peer review. While all of this does obviously cause much overhead, it may 
indeed be worth it in implied assurances to the public.

After all, just how many bridges have fallen, tunnels and buildings 
collapsed in our lifetime due to faulty design and construction? Albeit 
while architects and engineers are licensed, I'm guessing that construction 
workers and their supervisors for the most part are not.

Marty