Licensing of doctors and other healthcare professionals is commonly seen as necessary for a healthy economy, but it may not always be efficient due to various factors.
Barriers to entry, such as extensive education, training, and examinations, create hurdles for qualified professionals, limiting the pool of healthcare providers. Limited competition can arise, leading to higher prices and restricted access, particularly in underserved areas. Slow and bureaucratic processes in licensing contribute to delays in healthcare availability.
Varying requirements across jurisdictions pose challenges for professionals seeking mobility. These factors highlight the potential inefficiencies of licensing in terms of barriers to entry, limited competition, bureaucratic processes, and jurisdictional differences.