OHvol40
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- Oct 23, 2008
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How is it utopian when the rest of the developed world already uses it in some form or another? American exceptionalism has seeped into the conversation about healthcare to our detriment. Do you think pharmaceuticals will cease to innovate if we join the rest of the world in single payor? No. Will profit margins shrink, probably. Should they be allowed to price-gouge Americans like they currently do? I’ll let you answer that one.That’s a very pretty picture. Though more than a bit utopian.
Research at Universities should be funded. I agree.
But innovation certainly comes from the Private sector as well.
The next generation of pharmaceuticals is not springing forth from some altruistic collective.
I seriously doubt the next generation of medical devices are either.
I’m not saying there isn’t waste and inefficiency. Bureaucracy and profit centers at multiple levels.
But no, I’m not buying that removing profit incentive from the entire system will result in no degradation on the innovation front, as the slack is picked up by a combination of the State (lolz) and Altruists.
I have worked in healthcare my entire adult life and seen it from many aspects. The system we have causes undue financial harm to millions while non-medical capitalists get filthy rich. That is not what healthcare is meant to be. If you do good for people on the clinical front you deserve to make a very comfortable living. If you run a private equity firm and buy a hospital/healthcare system, rack up debt in the name of that system to pour money back into your firm and let the hospitals die on the vine (especially in underserved communities), you deserve to be hung by your toes and tarred/feathered. Our system is sick, and it’s due to profiteering. Sorry.
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