Friday, August 08, 2008

Profit Making Medical Colleges to Be Opened in India

Oh, finally the Govt may loosen its grip on medical colleges!

The Govt may allow medical colleges to be set up as profit making institutions.


Will this mean higher fees for medical students ?


Only people whose IQ is equal to their shoe size would believe that the existing medical colleges are really being run as non profit enterprises. The term 'profit making medical college' is redundant as even now all private medical colleges are making profits, albeit off the records.

All that the present rule does is to keep away people who would like to open a medical college but are not willing to take the risk of making profits off the record. (Ethics/Not worth the risk etc. )

Allowing medical colleges to legitimately make a profit will attract more people to open medical colleges. Even though the initial fees in these colleges might be on the higher side, each additional college will offer more competition to the existing ones and eventually drive down the fees.

If only a few colleges are opened, we will get ripped.


So more the medical colleges, merrier the students :-)



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