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by madamelic
2408 days ago
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>Hard to grasp how a huge power like the US can't get itself around decently-priced healthcare. To be honest, it's not that hard to figure out. The US gov't largely believes itself is ineffective and needs to be privatized and ran like a business. Private businesses are held up as beacons of innovation and efficiency without the "red tape" the gov't has due to purposefully created checks, balances and regulations. Hence why we elected a CEO, albeit a massive failure of one, but a CEO regardless. |
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The medical system is really not private. It is a hybrid of a state-controlled system and a capitalistic system. Here are some ways of how the system is state-controlled:
1. Hospitals cannot be freely constructed. One must apply for a "certificate of need" to gain permission from the government to build a hospital. This is not a free market.
2. Credentialism is BAD in our medical system. There is only one group of people approved by the government to do prescribe most medications and perform most surgeries - doctors. This is not a free market and greatly increase costs. Doctors earn a median of 300k/year and are the highest paid profession in every state. This is not a free market.
3. Hospitals are legally forced to treat anyone who shows up at their door - even if they can't afford the treatment. This is not a free market.
4. Medicare/Medicaid are forced to nearly buy any drug, regardless of cost, if it could save a live. Even if a drug is 500k/year, the system is forced to buy it. This is not a free market and greatly increases costs.