r/FluentInFinance • u/The-Lucky-Investor • 11d ago

“Medicare for All” would save the U.S $5.1 Trillion over 10 years Discussion/ Debate

https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion
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u/YYC-Fiend 11d ago

What about the share holders? WON’T SOMEBODY PLEASE THINK ABOUT THE SHAREHOLDERS?

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u/abrandis 11d ago edited 10d ago

Exactly, everyone looks at the healthcare crisis from the perspective of the patients.

Lol , the US healthcare is built around the private equity groups , insurance industry, big hospital systems , big pharma ,labs and diagnostics imaging, medical devices ....every part is making fat profits,when you look at it from their perspective and it all makes sense. This system is working perfectly...for them...

Meanwhile 33+ other developed countries with way smaller economies can somehow offer universal healthcare. (Of course they're not perfect, but none would trade theirs for ours) .go figure...

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u/Stringdaddy27 11d ago

I remember working for a company who made polyester loops used in ligament repair surgery. I spoke to the distributor for these once about what they sold them for. In terms of cost, it was maybe $0.80 on our end to make these loops and we could make hundreds an hour. Sold to distribution for $20/ea (insane margins).

That same distributor sold them for $80/ea. Now, I imagine the hospital was charging hundreds easily for these. All for a fucking tiny loop of polyester that cost less than a dollar to make.

It was one of the most eye opening experiences of my young life.

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u/Double-Inspection-72 10d ago

This is what Medicare for all changes and why healthcare is more affordable in other countries. They place price controls on things like this. Multiply this by every drug, device, instrument used in healthcare and you see where the bloat comes from.