Though it cannibalizes the rest of the economy.
http://wolfstreet.com/2016/12/04/why-no-one-will-tame-u-s-healthcare-costs/
http://wolfstreet.com/2016/12/04/why-no-one-will-tame-u-s-healthcare-costs/
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Why No One Will Even Try to Tame the US Healthcare Monster
- Thread starter Banjo
- Start date
This is my question for you and for the economists among us: Why does it need taming?
In the grand scheme of things, healthcare is just another economic sector, no different than tourism, education, the military, the defense industry, our government....? As an example, I think Singapore makes health service one of their money making industries by becoming a health service hub and attracting rich patients from neighboring countries.
In the grand scheme of things, healthcare is just another economic sector, no different than tourism, education, the military, the defense industry, our government....? As an example, I think Singapore makes health service one of their money making industries by becoming a health service hub and attracting rich patients from neighboring countries.
http://www.abc.net.au/news/2016-11-30/daraprim-nsw-students-create-drug-martin-shkreli-sold/8078892
Updated November 30, 2016
For $US20, a group of high school students has created 3.7 grams of an active ingredient used in the medicine Daraprim, which would sell in the United States for between $US35,000 and $US110,000.
Key points:
Sydney Grammar students recreate Pyrimethamine in school lab at just $20 cost
Daraprim retails in the tens of thousands in the United States
Drug used to treat parasitic infection in people with weak immune systems
Pyrimethamine, the active ingredient in Daraprim, treats a parasitic infection in people with weak immune systems such as pregnant women and HIV patients.
In August 2015, the price of Daraprim in the US rose from $US13.50 per tablet to $US750 when Turing Pharmaceuticals, and its controversial then-chief executive Martin Shkreli, acquired the drug's exclusive rights and hiked up the price.
Hypothetical: Assume a cure for let's say pancreatic cancer a cancer that is most deadly but the price tag on that cure is 100 million dollars. That's accessible by only a few, is this humane?
We need to minimize the negative effects of capitalism in healthcare thru regulation and subsidy imo.
We need to minimize the negative effects of capitalism in healthcare thru regulation and subsidy imo.
You mean ladyboys from the region to have their tits done in SGP? Last time I checked there was nothing in particular gained for a wealthy individual in Asia to travel to Singapore or Hong Kong for medical purposes. Much better to travel to Japan or US/Europe.
This is my question for you and for the economists among us: Why does it need taming?
In the grand scheme of things, healthcare is just another economic sector, no different than tourism, education, the military, the defense industry, our government....? As an example, I think Singapore makes health service one of their money making industries by becoming a health service hub and attracting rich patients from neighboring countries.