| From what I've seen, subsidies and regulations are the primary cause of inefficiency in healthcare: https://www.athenahealth.com/knowledge-hub/practice-manageme... >>Here's some food for thought: The number of physicians in the United States grew 150 percent between 1975 and 2010, roughly in keeping with population growth, while the number of healthcare administrators increased 3,200 percent for the same time period. * >>Supporters say the growing number of administrators is needed to keep pace with the drastic changes in healthcare delivery during that timeframe, particularly change driven by technology and by ever-more-complex regulations. (To cite just a few industry-disrupting regulations, consider the Prospective Payment System of 1983 [1]; the Health Insurance Portability & Accountability Act of 1996 [2]; and the Health Information Technology for Economic and Clinical Act of 2009. [3]) In contrast, areas of medicine which are subject to much fewer subsidies and regulations, as a consequence of being electives, have seen prices actually decline in inflation adjusted terms. [4] [1] https://www.cms.gov/Medicare/Medicare-Fee-for-Service-Paymen... [2] https://www.hhs.gov/hipaa/for-professionals/privacy/laws-reg... [3] https://www.hhs.gov/hipaa/for-professionals/special-topics/h... [4] http://healthblog.ncpathinktank.org/why-cant-the-market-for-... |
I really want regulation in health care. I do not want medication to be a free-for-all like supplements are in the US. I'm not a doctor, after all, and they are slow to take supplements off the market even if they are harming or killing folks (take a look at diet pills to see this effect). I do not want average folks to be able to get antibiotics willy-nilly because I want to be able to take them when I'm old. And so on.