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by lstamour
3263 days ago
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Who sets the numbers and why, though? How much is profit, how much should be profit, when it comes to human health and rehabilitation whether mental or physical assistance is required? Or, ignoring profit, why take away public funding to programs for poor people just to provide tax breaks to rich folks? How much is a dollar worth to each individual, relatively-speaking? There are few easy answers, except (almost) everybody wants to see costs lower to the levels they are in other countries. Setting price or profit caps and limits is one method, ensuring the system can’t ask for inflated amounts from insurers is another. This could affect quality of service, but then again, it might not. All stores might charge the same price for some brand name item but not all stores offer equal customer service or trained staff... The same is surely true of medical facilities. |
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It doesn't make economic sense to spend, as an extreme example, $500M of public money to save one life. If we did whatever medical treatments we could, at whatever cost, we'd go broke as a society very quickly.
Utilitarian optimization places some upper bound on the amount of money we should be willing to spend to save a life. Making people pay for their own care approximates this bound but with more variance.