2 ms·

I wonder why healthcare is so expensive in the US...

• wakawaka28 3y ago
  Everything in the US is much more expensive than in most places in the world. We have the dominant global reserve currency and also minimum standards of living that are much more expensive than elsewhere. Additionally, the supply of doctors is limited by a professional body, and there's a government-mandated insurance racket that is basically on the hook to cover a lot of stuff. So the doctors charge the market rate for their services, knowing they will probably get paid all or none. If you took out the guaranteed payors, prices would naturally go down because nobody could pay. We could try to fix prices like the socialist countries do. But this does not lead to good outcomes in any conceivable way. Price fixing creates scarcity. I think we already try to increase supply of healthcare workers by importing them. But I don't know enough about it to know if a meaningful number of them are imported. If a young person asks me for career advice, I'm saying that they should try for medicine. Not everyone can handle it I'm sure, but demographic projections suggest it has a positive outlook.
  • timeon 3y ago
    > Everything in the US is much more expensive than in most places in the world. Except for gas.
    • wakawaka28 3y ago
      [dead]