| a lot of truth to that. I also think that if consumers were actually paying the full direct cost of treatments, they would be a lot less willing to pay for a chronic drug habit instead of a cure. Selling cures can be profitable too. Consumers are perfectly able to see and pay for the benefits of a one time solution as opposed to a cheaper chronic solution. That's why they buy cars and houses instead of renting them. The market will deliver what the consumer wants if the consumer were making the spending decisions. Government can't be somehow better than business at deciding what to fund. Its manipulated by business! The current pattern has evolved in a government funded research environment. Only ending the interference in the normal process of making decisions at the consumer level can fix this problem. |
In the UK we have a government body http://en.wikipedia.org/wiki/NICE which oversees which treatments the NHS can provide. This is another way of avoiding paying for treatments rather than cures.
I suspect both a market-based approach, and a single-buyer approach can work. In the US you have a weird government supported insurance industry driven approach with leads to the worst of both worlds.