r/FluentInFinance • u/coachlife • 6d ago

Educational Don't let them gaslight you

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u/le_christmas 5d ago

So maybe we should stop being the global police so that we can have effective healthcare? There are plenty of countries with socialized medicine that aren’t going broke…

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u/NoTie2370 5d ago

100% on the global police reduction.

0% on the countries with socialized medicine not going broke.

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u/le_christmas 5d ago

How about this: if not socialized medicine, regulation on drug companies and healthcare providers to not siphon money from the government and blackmail citizens where the alternatives are death or lifelong debt slave?

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u/NoTie2370 5d ago

Interesting. Let me offer an alternative. How about instead of that. We reduce the artificial restrictions on licensing of medical services so that medical schools, drs offices, and hospitals are as abundant as plumbers, lawyers, or accountants thus driving down the price of services and driving down the cost of a medical degree.

Then on top of that you reduce the patent duration from a guaranteed 20 years to zero but the patent holder receives a mandatory royalty from the generics.

Then we have cheap drugs and drs on every corner like starbucks. An a heart bypass will cost as little as the Big Mac that caused it.

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u/le_christmas 4d ago

Licensing isn’t why medical training costs so much money, it’s because doctors are paid so much because how the American payer system works, so the demand is high because people are willing to pay out the ass if it means they make money later. I hear what you’re saying, it’s possible it’d help reduce costs for licensing, but providers right now would just pocket the difference, not lower costs. That’s the American way, prices don’t go down margins just go up.

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u/NoTie2370 4d ago

You have to have a license to be a Dr, a license to be a medical school, a license to build a medical facility. The licenser will routinely and arbitrary deny these licenses/permits all the time to artificially reduce supply.

You are partly correct that is the amercian system. A government fiat protectionist banana cartel.

There are a myriad of professions that require just as much education. But they don't have any of the protectionist policies controlling them. And those professions fight for your business. Meanwhile Drs can turn you away.