this post was submitted on 28 Feb 2024
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[–] [email protected] 235 points 8 months ago (4 children)

The "healthcare" system isn't broken, it works perfectly.
You're just mistaken about what its purpose is.

It's one of the most beautiful examples of capitalism working as intended: When you're hurting or dying, your demand for healthcare is unlimited, and you're in no position to compare prices or services, so cost is determined by the maximum amount that can be squeezed out of you during your remaining lifetime.

[–] [email protected] 114 points 8 months ago (2 children)

To spell out the point here - healthcare isn't the point of the healthcare industry under capitalism - profit is. Any healthcare delivered is going to be the bare minimum required to separate you from your money.

[–] [email protected] 33 points 8 months ago (2 children)

I've worked in hospital systems since I graduated from college. There has been one meeting (out of all the meetings!) that I have absolutely never forgotten due to something that was brought up.

They thought it was super cool to talk about how much cash our new surgical center was bringing in. I know it was small in the scheme of things, but in my head a hospital should be super happy when they don't have to perform surgery on a person. They shouldn't be happy to perform surgery so that they can make money.

[–] [email protected] 9 points 8 months ago

For me it was a quarterly town hall with hospital leadership and they kept pushing “we are a business…” and all I could think was “no, we are a hospital…” because being a business is indicative of being profit motivated. I know, I know, that’s exactly what it is, but it just really bothered me to hear that line over and over.

[–] [email protected] 3 points 8 months ago

When you have an actual functioning competitive market the money you bring in correlates with the value of the service you provide, so it makes perfect sense to be happy about the money the new surgical center is bringing in. That means it's useful.

The problem is that the health care market is regulated and subsidized in so many ways, many of them conflicting with each other, that competition is very limited and price discovery is reduced to "whatever the patient (and their insurance) can afford to pay" since they can't go anywhere else. Fix that and there won't be any reason for hospital owners or employees to feel guilty about making money.

[–] [email protected] 19 points 8 months ago

One of the most perfect parts of how powerful lobbies constructed it is that, unaffordable as it is, there IS no free market for care, you are forced into networks and PPOs, etc. so if someone DID offer a better price outside of your consumer funnel(sorry, insurance plan), your insurer would just deny the claim at the providers standard 20x cost price for uninsured procedures. Also, 100% price obfuscation so comparison shopping is impossible. It is end-game capitalism.

[–] the_post_of_tom_joad 19 points 8 months ago

I want to downvote you simply because i hate this truth. I hate it, so, so much.

[–] [email protected] 2 points 8 months ago (1 children)

That's not how capitalism is meant to work at all.

Its obviously and uncompetitive market and something needs to change.

[–] [email protected] 6 points 8 months ago

History shows us that capitalism inevitably tends towards monopolies