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Without a strong profit motive would companies still have much incentive to pour 100s of millions of dollars into R&D for new drugs and treatments though? How m
by rossenberg79 7y ago
Without a strong profit motive would companies still have much incentive to pour 100s of millions of dollars into R&D for new drugs and treatments though? How much progress in healthcare is driven by the fact there’s a lot of money to be made, and how much does the US’s high prices basically subsidize cheaper healthcare for the rest of the world?
- conanbatt 7y agoThat is a sub-problem of the pharma industry, that while significant (15% of healthcare spending) is not the same debate as banning private insurance. What people dont get is that private insurance fiercely competes to lower costs, while the government's only effective mechanism is to not pay anything at all. Socialized medicine in the us would usher a new era of Cash pay.