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Of course this is not true, there are other possible setups: https://en.wikipedia.org/wiki/Devi_Shetty https://en.wikipedia.org/wiki/Devi_Shetty :) https://ww
by germandiago 4y ago
Of course this is not true, there are other possible setups: https://en.wikipedia.org/wiki/Devi_Shetty https://en.wikipedia.org/wiki/Devi_Shetty
:)
https://www.bloomberg.com/news/features/2019-03-26/the-world-s-cheapest-hospital-has-to-get-even-cheaper https://www.bloomberg.com/news/features/2019-03-26/the-world...
This just shows that it can be much cheaper than it is. The rate of success of those hospitals is not correlated to their price compared to their american counterparts.
It is arranged in the most efficient way possible. This expands the reach of the people that can access health care in India. I do think it is a revolution.
It is in the lines of (of course, with limitations) "what if health care could be as cheap as food?"
Imagine the revolution.
How come they built this? Yes, the profit motive is there. Without that incentive probably it would not be the same. Human incentive again.
"Shetty aims to trim costs with such measures as buying cheaper scrubs and using cross ventilation instead of air conditioning.[17] That has cut the price of coronary bypass surgery to 95,000 rupees ($1,583), half of what it was 20 years ago.[3] In 2013 he aimed to get the price down to $800 within a decade. The same procedure costs $106,385 at Ohio's Cleveland Clinic"
We can do better, right? No, it does not need to be public, just efficient.
- fallingknife 4y agoI'm not saying we can't do better. We absolutely can. I'm saying that blaming it on greed is ridiculous, as greed is a constant of human behavior. It's an organizational and incentive issue.
- germandiago 4y ago> I'm not saying we can't do better. We absolutely can > Profit margins of the healthcare industry as an aggregate are a single digit percentage Link these two together and what you are saying is that we can assist fewer people because of efficiency problems. A failure in my eyes. I would be willing to put my money in a system like Shetty hospitals (as an investor) to improve the lives of people. But no, I have to do it through a tax system because yes and this has consequences. Even you recognize it in some way if you link those two propositions.