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>>How is this sane? Its just one of those functional test cases, capitalism fails as a system. Hospitals/Doctors/Clinics look at purchased equipment as someth
by kamaal 9y ago
>>How is this sane?
Its just one of those functional test cases, capitalism fails as a system.
Hospitals/Doctors/Clinics look at purchased equipment as something they need to make money on. So they have to keep them working. Its really no different than workers doing in 24x7 shifts to keep machinery in the textile mills working all the time. Human labor is cheap, and money gets made by putting in energy into the machine and selling the output of the machinery for profit. So in this sort of a system, you can only make profit by keeping the machines working, as the human labor required to make them work is cheap, and the profit is made by selling the output, keeping the machines idle means loss.
Its just that when you apply this to a hospital the model breaks down. But most of us are ok with this model if we get to buy jeans pants at Costco for $14.
Insurance as a work around doesn't fix anything in this system as you are just passing around the burden of paying for non-productive output of a process around until some one can bear the loss. And no one will.