Economy, Monopoly, and Professional Licensing

4 min read

Occupational licensing is a way the government regulates a profession for compensation. Often only market access as a self-employed is limited to licensed professionals. Occupations that can have an enormous negative impact on individuals, like physicians, public accountants, and lawyers, require occupational licenses in most nations. Many jurisdictions also compel licenses for professions without that prospect, like plumbers, taxi drivers, and electricians. Licensing creates a regulatory impediment to entry into licensed careers, resulting in higher income for those with licenses and usually higher costs for prospects. Licensing’s proponents claim that it ensures the public interest by keeping away incompetent and…...

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Adam Tabriz, MD Dr. Adam Tabriz is an Executive level physician, writer, personalized healthcare system advocate, and entrepreneur with 15+ years of success performing surgery, treating patients, and creating innovative solutions for independent healthcare providers. He provides critically needed remote care access to underserved populations in the Healthcare Beyond Borders initiative. His mission is to create a highly effective business model that alleviates the economic and legislative burden of independent practitioners, empowers patients, and creates ease of access to medical services for everyone. He believes in Achieving performance excellence by leveraging medical expertise and modern-day technology.