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That's pretty much it, but I would add that since medicine in the American sphere of influence is a cornered market the goal is always to deny care, so the pati
by daniel-cussen 4y ago
That's pretty much it, but I would add that since medicine in the American sphere of influence is a cornered market the goal is always to deny care, so the patients are more desperate and pay higher prices. Endgame is a billionaire paying his whole billion-dollar fortune for a loaf of bread because he's starving. First you have to corner the market, then deny food, then eventually yes, eventually he will in fact pay a billion dollars for a loaf of bread, I fucking guarantee it.
- arcticbull 4y agoIndeed there's no reason that Cuban won't, like Uber, wake up one day and 5X prices - or bring in the recently-released Pharma Bro Shkrelli. Good will and brand alone isn't sufficient to build a medical system on.
- deleted 4y ago[deleted]
- trident5000 4y agoMaybe, but increased competition never hurt the consumer.
- maerF0x0 4y agoI'm curious if this is literally always true? I agree that competition often helps improve pricing and quality, of course. But I wonder if at times competition leads to a net degradation such as "race to the bottom" scenarios?
- edgefield 4y agoAnd I’m not so worried about Cuban. I’m worried about when he exits. The next owner(s) will certainly have a different agenda.
- TuringNYC 4y ago>> Indeed there's no reason that Cuban won't, like Uber, wake up one day and 5X prices Perhaps, but until then, I welcome the value he'd create for us