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I wish I could upvote this comment more than once -- I think it is dead on. Profit is the creation of value. If there's no profit, then there's no value added
by JeffL 18y ago
I wish I could upvote this comment more than once -- I think it is dead on.
Profit is the creation of value. If there's no profit, then there's no value added.
Profit works great for food, shelter, clothes, heat, and most every basic human need.
I think what really messes up the healthcare market is that the more that technology progresses, the more sophisticated and expensive treatments we discover. The cost and effectiveness of treatments are both soaring, yet people whose means are not rising as fast feel entitled to the best health care no matter what. I think as technology advances, things will only get more distorted until we realize that everyone should only get what they pay for (or what their insurance that is correctly priced by the market will cover and pay for.)
- chollida1 18y ago> Profit is the creation of value. If there's no profit, then there's no value added. I hope you mean profit in the non monetary sense then. ie profit meaning to increase someones standard of living? Charitable workers don't make any money and I'd say they add alot of value to other peoples lives.