For The Young Ignorant Lefty Bobbleheads In Your Life
By Mitch Berg
You know who I’m talking about – the young humanities major at your job; the know-it-all lady witih ELCA hair in the PTA; the angry young relative who deigns to grace you with her presence at holiday dinners anyway.
This one goes out to you. Use it wisely.
Reasons American healthcare is expensive:
6. American pharmaceutical and device research and development can’t recoup costs overseas, due to rigid price controls in “single payer” healthcare systems (ironically making all “single payer” systems in effect dual payer systems).
5. Healthcare costs track gross incomes, worldwide. The inflation curve for healthcare is largely the same as the growth in a nation’s standard of living, whether it’s the US, Taiwan or Norway.
4. Americans are terrible drivers.
3. Americans are disproportionally very overweight.
2. As most Americans work during their prime earning years, older folks that used to stay with family in their 80s and 90s are now in assisted living, skilled nursing and memory care.
1. The “Affordable Care Act”, and the serial waves of government intervention that came before, stuffed a gob of unfunded mandates onto insurers.
Reasons American healthcare is expensive:
5. Healthcare costs track gross incomes, worldwide. The inflation curve for healthcare is largely the same as the growth in a nation’s standard of living, whether it’s the US, Taiwan or Norway.
4. Americans are terrible drivers.
3. Americans are disproportionally very overweight.
2. As most Americans work during their prime earning years, older folks that used to stay with family in their 80s and 90s are now in assisted living, skilled nursing and memory care.
1. The “Affordable Care Act”, and the serial waves of government intervention that came before, stuffed a gob of unfunded mandates onto insurers.
Not reasons that American healthcare is so expensive:
2. Greed.
1. Upper middle dilettantes haven’t shot enough CEOs.
Hope that settles that.
2. Greed.
1. Upper middle dilettantes haven’t shot enough CEOs.
Hope that settles that.
December 17th, 2024 at 6:57 am
About drug costs:
– The workings of the US Food and Drug Administration (FDA) have little to nothing to do with drug development and safety. It’s primary mission is to maintain a high barrier to entry for small and innovative companies.
– The FDA is the poster child for captured regulation.
– Drug research is almost exclusively financed by the taxpayer.
– Drug development is almost exclusively financed by small and innovative companies who then are forced to sell the rights to the majors who finance the purposefully long and laborious FDA red-tape process to bring the drug to market and therefore reap the lion’s share of profit.
– Trump can end this charade with a stroke of his pen by ordering the FDA to approve for the American consumer any drug that has been deemed safe for purpose in Canada or the EU.
December 17th, 2024 at 7:43 am
Thanks, Mitch!
This is probably the best synopsis on this subject that I’ve seen.
December 17th, 2024 at 11:57 am
6. American pharmaceutical and device research and development can’t recoup costs overseas, due to rigid price controls in “single payer” healthcare systems (ironically making all “single payer” systems in effect dual payer systems).
The top 20 pharmaceutical companies raked in >$500 billion in ‘22. Not one CEO made less than $3 million in *base pay* per year. Bonuses and stock options bring that up to double digits. R&D comes straight off the bottom line of taxes. Pharma is still in the 80’s greed is good period.
5. Healthcare costs track gross incomes, worldwide. The inflation curve for healthcare is largely the same as the growth in a nation’s standard of living, whether it’s the US, Taiwan or Norway.
Or Cuba?
4. Americans are terrible drivers.
And some are really bad shots. Your average Somali pirate that survives a Kia drive by will rack up no less than $80k in combined costs…none of which he or his family will pay. Chicago drive by tabs are even larger.
3. Americans are disproportionally very overweight.
True. And in no small account of the shit welfare dependents eat, feckless parents and public schools feed kids.
2. As most Americans work during their prime earning years, older folks that used to stay with family in their 80s and 90s are now in assisted living, skilled nursing and memory care.
Medicare and Medicaid pay >50% of that tab, nationwide. Ask me how I know.
1. The “Affordable Care Act”, and the serial waves of government intervention that came before, stuffed a gob of unfunded mandates onto insurers.
Bingo!👍 Even the blind squirrel finds a nut sometimes!