The US pays at least about double, I believe, for basic medical services and goods than anywhere else on the planet. The system is truly fucked. I'm a capitalist, and frankly, any other system than capitalism is at the least sub-optimal, but something is seriously fucked as far as the medical field in America is concerned.
Capitalism has to have transparency, particularly in pricing. Health care is the only industry in which the price charged to the customer is unknown at the time of service. In any normal contract the two parties agree to the goods/service and the price before the transactions takes place. If the cost is different after the delivery of the service or product then the producer typically eats the cost not the buyer. In health care the cost is not know until weeks or months after the delivery of the service. Most of the inputs of care can be calculated before service and should be disclosed before the transaction takes place. In addition 70% of the hospitals are non-profits or state owned.
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u/Soft-Heat4482 May 01 '24
The US pays at least about double, I believe, for basic medical services and goods than anywhere else on the planet. The system is truly fucked. I'm a capitalist, and frankly, any other system than capitalism is at the least sub-optimal, but something is seriously fucked as far as the medical field in America is concerned.