3 ms·
My understanding is that socialized healthcare isn't cheaper because it's subsidized, it's cheaper because it has a monopsony buying power when negotiating. An
by mattnewton 4y ago
My understanding is that socialized healthcare isn't cheaper because it's subsidized, it's cheaper because it has a monopsony buying power when negotiating.
And to a lesser extent, I bet it can be marginally cheaper because of a reduction in redundant administration costs across multiple providers. But that, and all other of those facets are dwarfed by the single payer negotiating.
- dantheman 4y agoThe expense of healthcare is also from regulation making competition impossible - patents, fda approval, certificate of need, etc
- lostlogin 4y agoRegulating healthcare seems reasonable to me. A surgery enthusiast startup for cardiac surgery or a garage side hustle pharmaceutical dispensary do not sound like a good idea. Yes, regulation costs, and a lot of that is reasonable.
- deleted 4y ago[deleted]