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The Rich Pushed Out by the Even-Richer

By: William Gold

Well, how about that, eh: the rich finally getting their comeuppance -- courtesy the even-richer!

That's right; that's how it is, in the world of medical schools competing for limited spots with New York City hospitals, anyway. Specifically, it's between American medical schools and those from the Caribbean, the kind that President Ronald Raygun -- uh, Reagan -- used as an excuse to justify his invasion of a Marxist-led tropical island.

Anyway, ye olde Caribbean medical school has long been decried as nothing but a diploma mill 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. Recently, however, an effort has begun in New York City to limit their access to local hospitals since there are only a certain number of spots available for such field work, and charges of elitism are flying. 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. In contrast, a Caribbean medical school can charge as much as sixty thousand dollars!

And with so much money available, Caribbean medical schools can easily pay New York City hospitals to take on their students for the practical clinical experience required of an accredited medical education - ahead of Weill Cornell's, or NYU's, or that from any other New York medical school.

Thus the turf war.

Traditionally, 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.

But what administrator is going to do without such money, especially in this economy?

Yes, money. Funny to see the rich pushed out over it, eh? Or maybe not always "rich," but almost always "well-off" -- or, at the least, "rather comfortable." And that's what a medical education has come to now...it's always been determined by money, of course, but now more than ever that crucial aspect has become even more, well, crucial -- and not only for the students, but for the schools themselves! How's that for poetic justice?

Article Source: http://articles.tiptopweb.info

William Gold recommends sites such as www.isaactoussieproperty.com for discussions with industry experts.

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The Rich Pushed Out by the Even-Richer addthis_pub = 'ex_plo_rer';

The Rich Pushed Out by the Even-Richer