2 ms·
It's likely that inefficiencies like this contribute O(40%) to every slice of the pie, so fixing any one slice seems unimportant, but cumulatively they would ma
by ssivark 2y ago
It's likely that inefficiencies like this contribute O(40%) to every slice of the pie, so fixing any one slice seems unimportant, but cumulatively they would make a big impact on the situation.
A second hypothesis is that the inefficiencies are fractal/recursive -- and that we might be able to squeeze out another one or two 40% savings in some slices even after the first one!
- sarchertech 2y ago>cumulatively the would make a big impact Because of the nature of the healthcare market a reduction in physician salaries would be almost entirely captured by private equity and insurance companies. The only realistic way a reduction in physician salaries leads to a significant reduction in costs is with a single payer system. >fractal/recursive This is just wishful thinking. I can think of zero mechanisms where paying physicians less has a compounding negative effect on prices. I can think of several mechanisms for how it would have a compounding positive effect. Decrease in quality, decrease in recruiting, acceleration of retirement etc…