3 ms·

The magic of the market.

• johnchristopher 13y ago
  FTA: > Dr. Cram, the Iowa health cost expert, points out that joint manufacturers are businesses, operating within the constraints of varying laws and markets. > “Imagine you’re the C.E.O. of Zimmer,” he said. “Why charge $1,000 for the implant in the U.S. when you can charge $14,000? How would you answer to your shareholders?” Expecting device makers “to do otherwise is like asking, ‘Couldn’t Apple just charge $50 for an iPhone?’ because that’s what it costs to make them.” > But do Americans want medical devices priced like smartphones? “That,” Dr. Cram said, “is a different question.” Indeed. Maybe mixing something that is designed to work better when no ethics is involved (free market and capitalist ideology) with a highly relative to ethics sector (healthCARE) isn't such a good idea. Well, not for shareholders of course.