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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Land Shark who wrote (1033775)10/12/2017 2:15:15 PM
From: PKRBKR  Read Replies (1) | Respond to of 1574745
 
- USA is the most litigious country in the world. Drs over service and recommend every possible test to cover their butts. Expensive$$$

I won't argue that.

The biggest contributor to medical costs here is government intervention. If Medicaid/Medicare were independent of the private healthcare system we would have comparable rates to elsewhere and still have the incentives to develop the world's greatest medical innovations. Deregulating the market will also reduce the insurance companies' piece of the pie due to competition. It's basic economics.



To: Land Shark who wrote (1033775)10/12/2017 2:41:27 PM
From: Tenchusatsu2 Recommendations

Recommended By
locogringo
PKRBKR

  Read Replies (1) | Respond to of 1574745
 
Sharkie,
BTW, "new technologies" and drugs are under patent and sold abroad to other countries using them. They don't get them for free.
They often get them at a steep discount to what we Americans have to pay.

If Americans got to pay the same prices for brand new drugs and medical technology, biotech innovation will suffer.

Many liberals are fine with that given that they think Big Pharma makes too much money, but they still haven't pointed out one country with universal health care that is a major innovator in medical technology. (Closest example I could think of is Switzerland, but they are dwarfed many times over by America.)

Tenchusatsu