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I've been in healthcare, pharma industry for a long time. Healthcare isn't 'broken'. The high drug and medical prices are by design. That's the way system is
by pcurve 8y ago
I've been in healthcare, pharma industry for a long time.
Healthcare isn't 'broken'. The high drug and medical prices are by design. That's the way system is designed and it's working as intended by regulators and industry leaders.
If they really wanted to 'fix' the healthcare, they can fix it. But there is no money in fixing it at this point. One guy with small amount of funding will do nothing to highly regulated space full of deeply entrenched incumbents. regulators, doctors, pharmacists, pharma, medical device, pbm, medical insurance, hospital systems, lawyers, and IT jobs at those companies.
- raverbashing 8y agoAgreed, though it seems there is a huge window for someone who charges fairly to get in Fixed and transparent/fair costs (and promotion of it) will get a significant line in front of the clinic. If someone's got a huge amount of money to play with this, it will be fun to see the incumbents getting trashed. In a way, it's "dumping" (but not really as it's still above cost)
- pcurve 8y agoI think pricing transparency will help for drugs and commodified services like routine testing and procedures. Historical though, any attempted 'fix' simply results in shifting of profit from one incumbent to another, along with even more creative ways to get around them. Mfr. copay coupons mentioned in the article is a great example. I'm all for change, but to me, American healthcare is mainly regulatory failure.
- gorbachev 8y agoThis, and many, many other similar issues will not be fixed until campaign finance reform gets done.
- chottocharaii 8y agocampaign finance will never be reformed, political movement needs to be able to operate in spite of money contributed I doubt Citizens United will ever be overruled