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WalMart can help by offering inexpensive pharmaceuticals. I don't know if they can help overcome a larger problem. The problem seems to be that health care pr
by dhbradshaw 18y ago
WalMart can help by offering inexpensive pharmaceuticals. I don't know if they can help overcome a larger problem. The problem seems to be that health care providers do not compete on value delivered. Until we effectively measure value (long term benefit divided by cost) delivered and compare it across providers we will have no way to use the market to stimulate improvement.
Right now we don't measure long term benefits and decisions are insulated from costs.
(Yeah, I drink the Kool aid: http://www.amazon.com/Redefining-Health-Care-Value-Based-Competition/dp/1591397782 http://www.amazon.com/Redefining-Health-Care-Value-Based-Com...)
- bootload 18y ago"... WalMart can help by offering inexpensive pharmaceuticals. ..." Inexpensive yes, effective maybe, probably no. Walmart works by dictating the price a supplier sells. This is how it gets things so cheap, screw the other guy hard. So the question is "do you want the cheapest drug or the most effective?". By effective I mean, "it does what it claims". There are huge quality problems in outsourcing pharma-products to China, India and other non-first world states. If you want to Walmart exerting it's control on drug price, the likely result is cheaper but an inferior outsourced product.