Tuition costs have risen 710% since 1983 (1200% since 1980). Inflation: 194%

Re:Tuition costs have risen 710% since 1983 (1200% since 198... by zer8k on Tuesday July 11, 2023 @01:42PM (#36684495)

Sure bud. What is it about HN'ers talking with such confidence they legitimately have no idea what they're even talking about? I googled it for you, and gave you two sources are probably amicable towards - there are THOUSANDS more[0][1]. It's exhausting that everyone here talks like they are an expert at everything. I thought I left that when I came here from reddit.

[0] https://www.pbs.org/newshour/economy/do-other-countries-pigg...

[1] https://www.washingtonpost.com/opinions/2022/11/29/us-health...

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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by leshow on Tuesday July 11, 2023 @02:06PM (#36684871)

The example you selected with insulin does not support your argument.

Of course, anyone can do a google search and find some opinion pieces confirming their world view, that doesn't make it true.

The post article in particular just looks at the total revenue and essentially says "look how big it is compared to other countries, we must be subsidizing them". But this just justifies the extreme profit-seeking already in the sector, it's not an argument that it's necessary for innovation.

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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by verteu on Thursday July 13, 2023 @09:26AM (#36708768)

This doesn't come close to supporting your claim that (most of?) the entire healthcare cost gap is due to subsidizing innovation, for the reasons I described in my other comment. (ie: Drugs are only ~10% of our healthcare costs.)

Even your own source [1] contradicts the idea that high costs are inevitably caused by this subsidization:

> Why doesn’t competition bring U.S. health-care prices down? The answer: America’s stagnant third-party payment system allows hospitals and doctors to avoid competing on price.

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