3 ms·
> No patient wants to be the first to try a new treatment. Plenty of patients are willing to try new treatments. New treatments are incredibly expensive, but u
by baron816 9y ago
> No patient wants to be the first to try a new treatment.
Plenty of patients are willing to try new treatments. New treatments are incredibly expensive, but unlike in other countries and industries, old treatments/technologies continue to get more and more expensive. The problem there is that pricing is totally obfuscated, and providers are able to get monopolistic profits as a result. The government could step in and hold down prices, as they do elsewhere (or at least require transparency), but their pockets are too stuffed by the monopolists to do anything. "Free markets!" they declare, destroying capitalism.
- kps 9y agoIn medicine and higher education, at least, money has shifted dramatically from actual useful services to administrative overhead.