Resident Physician Shortage Reduction Act of 2011 - Amends title XVIII (Medicare) of the Social Security Act with respect to distribution of additional resident positions as they affect calculation of payments for direct graduate medical education (DME) costs.
Directs the Secretary of Health and Human Services (HHS), for each of FY2013-FY2017 (and each succeeding fiscal year if additional residency positions are available to distribute), to increase the otherwise applicable resident limit for each qualifying hospital.
Requires the aggregate number of increases in the otherwise applicable resident limit to be 3,000 in each of FY2013-FY2017, of which 1,500 in each such fiscal year shall be used for full-time equivalent residents training in a shortage speciality residency program.
Specifies the process for distributing positions.
Directs the National Health Care Workforce Commission to study the physician workforce.
Directs the Comptroller General to study strategies for increasing the diversity of the health profession workforce.
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