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An excellent, detailed discussion of this is in "Overcharged: Why Americans Pay Too Much For Health Care". Drug prices are only one aspect of the problem. Th
by patrickmay 8y ago
An excellent, detailed discussion of this is in "Overcharged: Why Americans Pay Too Much For Health Care". Drug prices are only one aspect of the problem. The root is that government involvement focuses on the demand side and proactively reduces the supply.
https://www.cato.org/overcharged https://www.cato.org/overcharged
- vkou 8y agoThe root problem is that it is in the interests of everyone, from the doctor, to the pill manufacturer, to the hospital, to the insurer, to bilk patients for everything they are worth. The insurer makes a profit as a % of money spent on healthcare, the doctor needs to pay the million-dollar student loan (his education cost a million dollars because the student loan underwriters know his patients will pay), the hospital makes a profit as revenues - expenses - it's not like patient can price-shop. Pointing fingers at the supply of doctors ignores the other five elephants in the room. Markets simply don't work when the person who has to pay can't price shop. Please, come to your senses, and either make healthcare an actual free market, or, more sensibly, single-payer.