Re:American using Britain’s NHS (2015)
by acdha on Saturday March 03, 2018 @09:49AM
(#16509448)
Do you not consider the billions of dollars which the U.S. government puts into basic medical research socialized innovation? It was only last year that the U.S. government spending dropped below 50% of the total following years of federal cuts:
Your starting assumption that price controls are incompatible with innovation is a political belief, not a fact. There's no reason why that precludes funding bounties for improvements / cost reductions (e.g. why Japan's MRIs are so much cheaper than the U.S.), using different funding models for R&D than manufacturing, etc. Individual systems could choose not to fund research but that's a choice rather than a universal truth.
http://www.sciencemag.org/news/2017/03/data-check-us-governm...
Your starting assumption that price controls are incompatible with innovation is a political belief, not a fact. There's no reason why that precludes funding bounties for improvements / cost reductions (e.g. why Japan's MRIs are so much cheaper than the U.S.), using different funding models for R&D than manufacturing, etc. Individual systems could choose not to fund research but that's a choice rather than a universal truth.