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luminadiffusion | 3 years ago
The medical industry justifies their excess profits as necessary for supporting the "free market" in "generating innovation".
In reality:
1. Their "free market" is anything BUT a free market.
2. "Generating innovation" is not a substitute for generating positive health outcomes.
3. Their excess profits are primarily used for propaganda and bribery to justify their own existence and protect their racket.
Just look up the laws restricting Medicare from bargaining on medical care and prescription drugs to understand just how much of a racket this whole industry is. It is criminal in every way - aside from the written law, since the people who make the laws are co-conspirators in the scheme.
It's so much worse than the "most expensive" healthcare in the world. This nauseatingly overinflated healthcare is further subsidized by US taxpayer funds from the shit medical care and extortionate drug prices that Medicare is legally obligated to pay. It actually adds trillions to our Federal Deficit each year... so we get the worst health outcomes WHILE driving the US government into bankruptcy.
This whole system maximizes profits for a limited number of players at the expense of our doctors, our patients, the fiscal health of Medicare, and the future of our republic.
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