News for hackers. Stuff that matters.
Re:Who employs your doctor? Increasingly, a private equity firm by throw47474777j on Sunday July 16, 2023 @01:20PM (#36749390)
> The fundamental loophole is that "the free market" is practically a religion in the United States

Blaming something for being practically a religion is about as empty a piece of reasoning as it's possible to make.

Why not actually suggest a solution rather than just throwing your hand up at the whole thing?

Re:Who employs your doctor? Increasingly, a private equity firm by lapcat on Sunday July 16, 2023 @01:28PM (#36749468)
> Why not actually suggest a solution rather than just throwing your hand up at the whole thing?

A solution to which problem?

The solution to the problem of private equity running the medical system is government-run health care, like in most other nations, who spend less on health care per person than the US but whose populations are nonetheless healthier.

Or are you talking about the problem of the severe ideological divide? Or some other problem?

Re:Who employs your doctor? Increasingly, a private equity firm by mfer on Sunday July 16, 2023 @01:46PM (#36749678)
> The solution to the problem of private equity running the medical system is government-run health care

A super majority of the medical R&D is funded by the US system. The gov run systems pay for a minimum of it. Of the U.S. adopts a system like other gov run countries where does the medical R&D get financed?

Re:Who employs your doctor? Increasingly, a private equity firm by fallenasleep on Sunday July 16, 2023 @03:19PM (#36750501)
US americans are already spending the money that funds that R&D. One possible solution that occurs to me just now (and is therefore very half baked) is that there must be a way they could continue to spend that money to fund research, while also having a functioning medical safety net
Re:Who employs your doctor? Increasingly, a private equity firm by bowyakka on Sunday July 16, 2023 @03:43PM (#36750708)
Be a shame if someone looked up this on Google and found that it's not as outsized as some think

https://data.oecd.org/rd/gross-domestic-spending-on-r-d.htm

Re:Who employs your doctor? Increasingly, a private equity firm by zone411 on Sunday July 16, 2023 @06:16PM (#36751956)
Incorrect. You linked to the overall R&D spending data, not medical R&D spending.

You can find the health R&D expenditure data here: https://www.oecd-ilibrary.org/sites/health_glance-2017-72-en...

It shows the U.S. spending 2.4x that of Europe on pharma expenditure as a % of GDP, and 3.2x that of Europe on government R&D health budgets as a % of GDP.

Edit: somewhat newer data is here https://www.oecd-ilibrary.org/sites/fc8b43f4-en/index.html?i...

It shows that the R&D pharma spending gap has actually increased even further to 3.5x.

Re:Who employs your doctor? Increasingly, a private equity firm by pjmorris on Sunday July 16, 2023 @08:39PM (#36752841)
60 Billion a year (if I've read you charts correctly) is a drop in the bucket of US annual medical spending (4 Trillion/year.)

You could pick the next most expensive country's plan, triple US R&D expenditures, and still spend way less. The GP's point about it not being outsized is correct.

Re:Who employs your doctor? Increasingly, a private equity firm by zone411 on Monday July 17, 2023 @01:08AM (#36754379)
You're attempting to introduce a tangential point to cloud the issue, a typical Red Herring fallacy. Bowyakka was 100% incorrect. It is indisputable that U.S. medical R&D spending makes European spending appear insignificant.