Re:California aims to make its own insulin brand to lower price
by jacob019 on Monday August 01, 2022 @07:12PM
(#32313316)
To be fair, in most cases private industry can produce far more efficiently than government. Healthcare in our country is so screwed up that it may be a glaring exception.
Re:California aims to make its own insulin brand to lower price
by ahartmetz on Monday August 01, 2022 @08:16PM
(#32313796)
Private industry seems best for things with no natural monopolies and high demand elasticity.
Natural monopolies: you get Comcast, low demand elasticity: you get US healthcare prices.
Re:California aims to make its own insulin brand to lower price
by smileysteve on Monday August 01, 2022 @07:27PM
(#32313446)
Heres an example of private contractors for city services going for $21m while the city realized they could do it for $7m.
Turns out regulatory capture is great for middle man but horrid for costs
https://www.ajc.com/news/local/sandy-springs-amid-reinventio...
Re:California aims to make its own insulin brand to lower price
by zeruch on Tuesday August 02, 2022 @02:17AM
(#32315673)
"private industry can produce far more efficiently than government" and yet often chooses not to, because profit does not efficiently produce gains to customers as much as "stockholders" today, and healthcare is far from the only glaring exception, its just the most terrifying to most people.
And 'efficiency' isn't the sole determinant of value.
There is no reason it can't offer other things, and often in many other places, do. The state is perfectly capable of doing things effectively, but we've conditioned ourselves to believe it can't because corporate America has wanted it that way due to the sheer terror of being out-managed by the state/municipal option (they can't gouge as flagrantly or impose endless layers of their own bureaucratic middle men, so they accuse the government via the dumbest projection).
The state sucks for many reasons, but often for the same reasons corporations do; bad leadership and defection from purpose, often in the process of avoiding transparency. Either can suck, and picking one over the other just because of an ideological crutch is daft.