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> one of the meta challenges with socialized medicine is that there is virtually no innovation due to price controls This is a strong claim presented with no e
by freddie_mercury 9y ago
> one of the meta challenges with socialized medicine is that there is virtually no innovation due to price controls
This is a strong claim presented with no evidence. It is clear that the US is, by far, the global leader in this area. But to say there is no other innovation at all is going a bit far.
Indeed, it is easy to see that communist China is the world's second in this area, whether you go by papers published, clinical trials, or whatnot.
Even the libertarian Cato Institute doesn't go so far as to say that no one but the US innovates.
https://www.cato.org/publications/policy-analysis/bending-productivity-curve-why-america-leads-world-medical-innovation https://www.cato.org/publications/policy-analysis/bending-pr...