2 ms·
It’s not just drugs; look at the difference in medical equipment now versus 40 years ago. I’d sure rather pay a little extra and have 2024 equipment than 1984.
by sokoloff 2y ago
It’s not just drugs; look at the difference in medical equipment now versus 40 years ago.
I’d sure rather pay a little extra and have 2024 equipment than 1984. That 2024 equipment exists because someone imagined they could make a profit if they successfully created it.
- Apocryphon 2y agoSurely the profit motive in selling medicines or equipment to doctors is decoupled from the profit motive of doctors, hospitals, and other providers, currently governed by the insurance industry? Countries with public healthcare still have health industries for the former.
- sokoloff 2y agoThe doctors and hospitals can't buy that equipment if they don't make any gross profit from patients (or some proxy for patients).
- Apocryphon 2y agoPublic healthcare systems are funded by taxes. There are also private nonprofit hospitals that are ironically profitable: https://www.npr.org/sections/money/2019/10/15/769792903/how-non-profit-hospitals-are-driving-up-the-cost-of-health-care https://www.npr.org/sections/money/2019/10/15/769792903/how-...