5 ms·
> I don't see a problem with this, so long as doctors can earn a decent living. There's an enormous opportunity to disrupt doctors. Doctors, particularly in th
by dnomad 8y ago
> I don't see a problem with this, so long as doctors can earn a decent living.
There's an enormous opportunity to disrupt doctors. Doctors, particularly in the US, are grossly overpaid for the value they deliver. As I said below, there's an extra $100-$250 billion a year that gets sucked up by doctors. Frankly, the vast majority of what doctors end up doing -- collecting information, analyzing it, prescribing a course, repeat -- does not warrant the salaries doctors commandeer.
The industrialization of healthcare can't be done inside the existing system and the government certainly won't help which is what makes things tricky. But it's why you see Amazon, JP Morgan, Google and Uber starting their own healthcare companies and pushing into this industry more and more. [1] There's a great deal of money to be saved here while potentially improving outcomes. The current system, where a single doctor works obscene hours while spending 15 minutes with each patient, is just dumb.
[1] https://www.vox.com/technology/2018/3/6/17071750/amazon-health-care-apple-google-uber https://www.vox.com/technology/2018/3/6/17071750/amazon-heal...
- dboreham 8y agoThis is just a secondary effect. The primary issue is the principal agent problem. There's effectively no limit to what doctors can charge because demand isn't limited by price. So they charge a lot.
- jxf 8y agoYou say that doctors are overpaid. What do you think is a reasonable salary for, say, a cardiac surgeon?
- analog31 8y agoOut of curiosity, what are they paid in other countries?