Monday, December 08, 2008

Remove greed from health care

Fallenmonk says it best:
...the best answer for the American health care system is to remove the profit incentive that drives all this waste. Drug companies and insurers spend less on care and more on administrative and public relations costs because that's where the profit is. The raw reality is that they have absolutely no incentive to deliver better care, and the sad part is that they make less profit when they do. The ugly truth is that until profit can be completely removed from the system, there will not be meaningful progress on health care.

4 comments:

Michael said...

But how will Genzyme make a billion dollars a year profit from 1,500 patients? It's hardly fair, they worked hard to get the sole rights to produce the enzyme I need from the NIH which developed it largely at taxpayer expense.

ellroon said...

Jesus, Michael. My sympathies.

At least Genzyme seems to be philanthropic with some of its billions.....

Mahakal / מהכאל said...

Here is a good article.

There's like 5,000 patients in the world. So it's not like it's just the 1,500 in this country that are making their profits.

ellroon said...

Excellent article, thanks.