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> The sole reason why healthcare is out of hand is because it is in the hands of the private sector and the people have no option but to subject themselves to i

> The sole reason why healthcare is out of hand is because it is in the hands of the private sector and the people have no option but to subject themselves to it. This happens whenever a critical social infrastructure is privatized. And that sector will not stop maximizing its profit with deregulation. Its anathema to profit-making. This is very untrue. The reason why healthcare is expensive is because of regulatory gatekeeping which prevents new players from outcompeting incumbents. I know from first hand experience in family that pill makers have captured the market so badly that we are paying 100x for the same pill as compared to a generic manufactured in India, simply because generic manufactures are prevented by law to manufacture in America. > There isn't any profitable sector in which individual professionals or small outfits can compete with massive conglomerates. Less, in healthcare. The amount of healthcare services and technology that a private individual can muster are incomparable to what is needed today in modern medicine. Legions of general practicioners will not fix anything - preventing profit maximization from something related to survival is. Again, the main reason there are giant private companies is because smaller players are blocked by regulatory burden. If the playing field of compliance were cheap, many more players would compete for the same set of customers, driving prices down.

Jotra7 4y ago
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petre 4y ago
India's pharma industry killed 11 children with cough syrup containing diethylene glycol, so maybe not the best example. https://www.bbc.com/news/world-asia-india-63226055 https://www.bbc.com/news/world-asia-india-63226055
- nine_zeros 4y ago
  So? Even America has drug recalls. Here's a list https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs Would you stop buying drugs from America?
unity1001 4y ago
> The reason why healthcare is expensive is because of regulatory gatekeeping which prevents new players from outcompeting incumbents Look. In ENTIRE world except the US, that is not happening. There are far more regulations everywhere else. They also regulate prices. They work. Looking at the situation, only one of the below possibilities can be true at any given time: 1 - The US exists in a totally different space/time continuum in which what you say is true 2 - The US exists in the same continuum with the rest of the planet, and you people are being totally scammed
- nine_zeros 4y ago
  > Look. In ENTIRE world except the US, that is not happening. There are far more regulations everywhere else. They also regulate prices. They work. Looking at the situation, only one of the below possibilities can be true at any given time: This is a false, unresearched claim. I can prove the fallacy with examples from Asia: China, India, Indonesia, all have low regulation and high availability.
  - DangitBobby 4y ago
    Do you really believe healthcare in China even remotely resembles "low regulation"?
    - nine_zeros 4y ago
      Compared to American healthcare? Yes, it is amazingly low regulation. I would suggest thinking about it as "better regulation" than "low regulation". American regulation is Kafkaesque. A better system is needed.

Jotra7 4y ago

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petre 4y ago

India's pharma industry killed 11 children with cough syrup containing diethylene glycol, so maybe not the best example. https://www.bbc.com/news/world-asia-india-63226055 https://www.bbc.com/news/world-asia-india-63226055

nine_zeros 4y ago
So? Even America has drug recalls. Here's a list https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs Would you stop buying drugs from America?

unity1001 4y ago

> The reason why healthcare is expensive is because of regulatory gatekeeping which prevents new players from outcompeting incumbents Look. In ENTIRE world except the US, that is not happening. There are far more regulations everywhere else. They also regulate prices. They work. Looking at the situation, only one of the below possibilities can be true at any given time: 1 - The US exists in a totally different space/time continuum in which what you say is true 2 - The US exists in the same continuum with the rest of the planet, and you people are being totally scammed

nine_zeros 4y ago
> Look. In ENTIRE world except the US, that is not happening. There are far more regulations everywhere else. They also regulate prices. They work. Looking at the situation, only one of the below possibilities can be true at any given time: This is a false, unresearched claim. I can prove the fallacy with examples from Asia: China, India, Indonesia, all have low regulation and high availability.
- DangitBobby 4y ago
  Do you really believe healthcare in China even remotely resembles "low regulation"?
  - nine_zeros 4y ago
    Compared to American healthcare? Yes, it is amazingly low regulation. I would suggest thinking about it as "better regulation" than "low regulation". American regulation is Kafkaesque. A better system is needed.