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IMO, the problem with healthcare is the same issue as with other labor-intensive things like childcare, education etc. It's Baumel's cost disease. Products hey
by ajmurmann 3y ago
IMO, the problem with healthcare is the same issue as with other labor-intensive things like childcare, education etc. It's Baumel's cost disease. Products hey cheaper due to automation and get cheaper relative to services. This makes these things get really expensive in relation. The most common intervention for this unfortunately is demand-side subsidies which of course make things worse. The other intervention is tighter controls which means more paperwork which also make things more expensive. Happens everywhere.
- rqtwteye 3y agoThe US is doing way worse than other countries as far as cost goes. And the bureaucracy is way worse.
- ajmurmann 3y agoOf course, because comp is much higher in the US than in most countries, including most western countries, maybe worth the exclusion of tiny, unusual places like Switzerland.