2 ms·
The money by-and-large isn't going to the surgeon; it's going to the insurance company's layers of bureaucracy, and to the hospitals' fattened administrative st
by chromatin 4y ago
The money by-and-large isn't going to the surgeon; it's going to the insurance company's layers of bureaucracy, and to the hospitals' fattened administrative staffs.
- colechristensen 4y agoWhen the price of an end product (in this case medical care) goes up, all of the suppliers prices go up as well. When you charge a lot for something you tend to justify it by expanding your headcount, and to give them something to do you make things more complicated. The money goes all over the place, everybody gets their cut, prices are almost never lowered because competition doesn’t properly exist, and things get more expensive. Most of it doesn’t need to exist but almost nobody’s interests are aligned properly to want to lower prices and raise efficiency.
- chromatin 4y ago> The money goes all over the place, everybody gets their cut, prices are almost never lowered because competition doesn’t properly exist, and things get more expensive. no quibble with the theme of your post overall, but to clarify: US physician wages have been decreasing in real terms since the 1980s. So, prices go up, but the dollars go elsewhere.