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.
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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.