Much has been said and written regarding the high costs of medical education. Most often the expenses of supporting the complex activities of a medical school and its faculty are interpreted as reflecting solely the cost of educating medical students. There is very little awareness on the part of the general public and incomplete awareness by the profession itself that many of the expensive undertakings of medical schools are not directed solely and often not primarily to undergraduate medical students.
In its report on Medical Education in the United States and Canada, the Council on Medical Education and Hospitals refers to medical school cost accounting studies initiated at the State University of New York and Emory University. In both instances, the studies relate medical school expenditures to the functions supported by the expenditures. Funds expended have been assigned on the basis of careful cost analysis to such functions as undergraduate,