……. for in isolation attention to deposit as well as take risk in sequence to go on producing the most appropriate healthcare has to offer? Take divided the distinction as well as we will fall incentive!
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Tagged as: Advances, believe, incentive, Medical, Pharmaceutical, profit, regard, Technologies
{ 10 comments }
The best healthcare in the world would be effective as well as cheap enough for people to actually pay for. It’s no wonderful system if healthcare is effective but outrageously unaffordable.
But if procedures become cheaper, doctors and medical technologists make less money. Doctors and drug companies and medical technologists have the incentive to create effective drugs and procedures that are EXPENSIVE, because that’s how they get paid the most.
As for incentives… the incentives we NEED are for somebody to contain the costs. If I spend 2 grand on my health care this year, I don’t spend a dime beyond it, so who cares how many procedures I want? Give me the best you’ve got, because Hell, I don’t pay for it. And doctors don’t care about containing costs either. The more expensive stuff they perform, the more they get paid. And insurance companies don’t care, because they spread out the reimbursements to consumer premiums. The incentive structure is already dead… we killed it when we created health insurance. Who has the incentive to minimize health care expenditures?
Profit certainly provides incentive. In provides incentive to sell more drugs and more expensive medical test equipment. Doctors who get free golf weekends in the Bahamas from companies that sell drugs and test equipment have incentives as well. Profit is a great incentive. Is that what you meant?
it matters what you mean it need to be a more specific questine
Of course – good thing nobody is advocating taking away the profit..
Still – a lot of breakthroughs do come from publicly funded research as well.
Generally not so much for the scientists who do the research. They tend to do it because it is so fascinating.
I worked as a pharmaceutical chemist for 11 years. Lots of good people there but in terms of their profits and how they actually spend their money, well, it is kind of disgusting. From the management point of view it is only about money. So a lot of “new” products are really just copies of old products, slight modifications to keep people buying a patentable drug at a high cost.
And then, they spend more on advertising than they do on research. I find that to be pretty repulsive.
Of course, there is still some good research being done, and some good products coming out, but a lot of it is basically a big scam.
Insurance companies do not pay for research.
They don’t even pay for health care unless you have a good lawyer.
Your assessment is incorrect. While it is true that private investment in research is merely a function of potential profit, the bulk of scientific research is done not by private industry, but at universities and non-profit research institutes (in addition to the massive expidentures of the US military; we have no idea what these funds truly amount to due to good old consititutional violations). The majority of their money comes from the NSF and the NIH.
You do know the US ranks a lowly 34th in health care right?
Is this something you take pride in personally
Yes. It is a tried and true fact that if you kill off profit, you kill off incentive!
The reforms are not going to do away with profit.
FACT – Insurance companies in the USA admit to pushing up prices, buying politicians and not paying out claims when they should [a]
FACT – PER PERSON the USA spends more on healthcare than any other nation on the planet [b]
FACT – Obama debated his plans before the election for healthcare [c]
FACT – the chance of a child under five of dying in the USA is greater than industrialised nations with universal health coverage [d]
FACT – Obama was elected by the American people to bring in change [e]
FACT – Obama wants to stop insurance companies screwing the American people [f]
FACT – The reforms Obama wants work in the Netherlands and in Switzerland [g]
If anyone can prove the facts above are wrong, e-mail me and let me know.
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