<<<The cost of profit is the actual amount of profit plus whatever portion of competition is underhanded and selfish.>>>
Nice try. Good imagination on your part. In other words the only thing you are willing to add to the cost of generating a profit are some intangible costs eg underhanded and selfish stuff.
But by any accounting standards or methods, the cost of health care is nowhere near 97% of money spent directly on healthcare as your view would have us believe.
Our argument really begins when you deduct the actual costs that goes into healthcare minus your reference to profit.
IMO, for example, only about 50% of money spent on health care actually goes directly into health care - and that would include overhead.
My guess is that we can not account for about 47% of the money spent.
I am reminded of what Casey Stengel once said about how women ruin ballplayers. It is not that women ruin ballplayers, but it is the chasing of women that ruins ballplayers - meaning all the time they waste drinking in bars looking for women is the cause of their demise.
Similarly, wrt healthcare, we do not actually know the amount of money that is actually spent or wasted on chasing that 3% profit (eg marketing, sales, executive pay, bonuses, overhead, inefficient and redundant proprietary systems needed to generate the 3% profit, intangible waste, on and on,,etc). |
