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The answer: we accept a far higher cost of medicine and medical treatments in exchange for regulations. Go compare costs between us and other countries. We don

by ikeboy 11y ago

The answer: we accept a far higher cost of medicine and medical treatments in exchange for regulations. Go compare costs between us and other countries. We don't accept paying for content to avoid ads that may be dangerous.

dragonwriter 11y ago
> The answer: we accept a far higher cost of medicine and medical treatments in exchange for regulations. Go compare costs between us and other countries. The countries that pay less than us often are at least as highly regulated when it comes to medicine, medical treatments, and their delivery, so while we certainly are paying a lot more for those things, I don't think that the argument that we do so "in exchange for regulations" is particularly defensible.
- ikeboy 11y ago
  https://mises.org/blog/how-government-regulations-made-healthcare-so-expensive https://mises.org/blog/how-government-regulations-made-healt... >Today, the U.S. and Canada have less than 25 doctors and 30 hospital beds (per 10,000 population), compared to over 35 and 50, respectively, in most countries in continental Western Europe. Mark Pearson, head of Division on Health Policy at The Organization for Economic Co-operation and Development (OECD), discussed possible reasons the U.S. spends more than two-and-a-half times per person more than most developed nations in the world, including relatively rich European countries: “The U.S. has fewer physicians and fewer physician consultations relative to its population. The U.S. also has fewer hospital beds for its population size and shorter average stays in hospital relative to other countries. Indeed, the lower numbers of physicians could help explain why they cost more; there is less competition for patients.” Are the specific things pointed to there as a cause of a US doctor shortage all found in other countries, but without a shortage? Definitely tort law which increases malpractice costs is far more of a factor in the US market.

by ikeboy 11y ago

dragonwriter 11y ago

> The answer: we accept a far higher cost of medicine and medical treatments in exchange for regulations. Go compare costs between us and other countries. The countries that pay less than us often are at least as highly regulated when it comes to medicine, medical treatments, and their delivery, so while we certainly are paying a lot more for those things, I don't think that the argument that we do so "in exchange for regulations" is particularly defensible.

ikeboy 11y ago
https://mises.org/blog/how-government-regulations-made-healthcare-so-expensive https://mises.org/blog/how-government-regulations-made-healt... >Today, the U.S. and Canada have less than 25 doctors and 30 hospital beds (per 10,000 population), compared to over 35 and 50, respectively, in most countries in continental Western Europe. Mark Pearson, head of Division on Health Policy at The Organization for Economic Co-operation and Development (OECD), discussed possible reasons the U.S. spends more than two-and-a-half times per person more than most developed nations in the world, including relatively rich European countries: “The U.S. has fewer physicians and fewer physician consultations relative to its population. The U.S. also has fewer hospital beds for its population size and shorter average stays in hospital relative to other countries. Indeed, the lower numbers of physicians could help explain why they cost more; there is less competition for patients.” Are the specific things pointed to there as a cause of a US doctor shortage all found in other countries, but without a shortage? Definitely tort law which increases malpractice costs is far more of a factor in the US market.