4 ms·
The biggest challenge of changing the health system now is the entrenched interests. If we reduced our spending health care just to the average of the OECD nat
by secabeen 4y ago
The biggest challenge of changing the health system now is the entrenched interests. If we reduced our spending health care just to the average of the OECD nations, it would remove $1 Trillion of annual revenue from the US Health Care system. Even if you assume that the average health care worker makes $100k, and that labor makes up less than 50% of the cost of health care, that's still over 5 million people no longer employed in the industry. Those people, and the organizations that employ them, are understandably going to fight tooth and nail to keep their jobs and their livelihoods.
- japhib 4y agoI think you underestimate how much money is absorbed by insurance companies, and the bureaucracies hospitals/doctors offices need to maintain to deal with all the different insurance companies.
- secabeen 4y agoI don't think so, I'm including those people in the 5 million that would lose their jobs or see pay cuts. They are exactly the ones who will fight to keep the system as it is. We absolutely should get rid of those expenses, it will take quite a while, or be a significant disruption.