4 ms·

Profits is not what makes healthcare expensive…

• jjav 5y ago
  What do you think makes it expensive in the US then? Certainly not the salaries to actual health professionals (doctors, nurses, techs, etc). When you see a doctor for 10 minutes and get billed $400, the vast majority of that money goes all the layers who are extracting their slice of profit from it, only a small bit goes to the doctor.
  • conanbatt 5y ago
    Doc salaries account for 10-20% of national healthcare spending. The us hS one of the lowest per capita counts of doctors in the world and the most expensive education system for them. Single payer does not fix this. The us has the most expensive drug approval process in the world making any drug that goes to market needing high prices to exist. Around 10% of NH spending here.SP does not fix this. Hospitals receive large gov funding, regulatory protection that includes the inability to build or run new or for-profit hospitals, and with the constant moral hazard of running hospitals in the red and getting bailed out. Almost all hospitals are non-profit. About 40% of NH spending. SP makes this even worse by eliminating forever the risk of bankrupcy.