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A comment on Warren Buffett says health care costs are a bigger problem than corporate taxes. Parent comment

Re:Warren Buffett says health care costs are a bigger proble... by prostoalex on Tuesday May 09, 2017 @12:04PM (#14301150)
The cost of goods (computers, phones) went down without collective bargaining, and it seems like so did the cost of services (haircuts, plumbing projects, airline tickets). Opening up the supply side seemed to do the trick.

What would happen if US (a) lowered the bar for doctor certification or (b) automatically recognized foreign doctor and nursing diplomas from English-speaking (or Spanish-speaking, to accommodate some states) countries?

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Re:Warren Buffett says health care costs are a bigger proble... by AstralStorm on Tuesday May 09, 2017 @12:09PM (#14301192)
More lawsuits would happen for sure. And the rulers de jour do not want any more immigration.

The problem outta not on the supply side, but at the parasitic insurer and drug supply side.

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Re:Warren Buffett says health care costs are a bigger proble... by prostoalex on Tuesday May 09, 2017 @12:27PM (#14301385)
Insurance companies have a statute limit on profit margins and are required to refund excessive premiums. And prescription drugs constitute only 10% of medical bills http://www.chcf.org/~/media/MEDIA%20LIBRARY%20Files/PDF/PDF%...

In other words, even if all Rx drugs were made free, current total healthcare cost growth rates would eradicate those savings in less than 2 years.

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