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I've said it before that the pharmaceuticals, hospitals, and insurance companies are signing their own death warrants. They keep (in my opinion) colluding to c
by Zelphyr 7y ago
I've said it before that the pharmaceuticals, hospitals, and insurance companies are signing their own death warrants. They keep (in my opinion) colluding to charge outrageous prices for life-saving things and at some point we're all going to get fed up with it enough to elect someone that will shoe in legislation that turns them all into state-owned or, at the very least, highly regulated. I personally don't feel like that's what we really want but damn these companies are just being abusive now.
- mlevental 7y agodidn't we already elect someone like that (Obama vis-a-vis ACA)? and yet the monied interests have undone most of the work.
- Zelphyr 7y agoYes but I think we're nearing a point where the lobbyists won't be able to overcome millions of pissed off citizens who feel like they're getting screwed by an entire industry.
- dlp211 7y agoNo? What part of the ACA was intended to upend the pharma industry? The ACA was specifically designed to work within the system as it existed in 2008/9.
- Zelphyr 7y agoIf I recall, originally it was supposed to be more drastic in its changes in an attempt to introduce more efficiencies into the system. But then they realized that they could create a lot of jobs in healthcare (remember, we were smack in the middle of the recession) so they opted to do that instead. That’s not any kind of commentary as to whether their decision was good or bad but it does appear to have resulted in making the system less efficient in many ways.
- mrtksn 7y agoWould the C level executives give back the money they made when pushing the companies into their death? If not, it’s not their problem. The argument against short term incentives is not limited to pharmaceuticals.