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Doctors’ Guilds Protect Useless Spending
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  • MontyBurnz

    Lawyers are way worse.

  • Andrew Allison

    As in the case of the medicare drug issue recently reported upon here, the incentives are all wrong. Self-interest rules. As with the drugs problem, the solution is to not reimburse doctors for unnecessary procedures and testing, thereby establishing just how convinced they are of the need. Medical opinion might be divided, but outcomes speak to the illegitimacy of one side’s arguments. Like any other guilds, medical guilds have shown themselves to be more concerned with members income than healthcare. Perhaps it’s time to rename it the Hypocritic Oath.

  • Jacksonian_Libertarian

    Never ask a Barber if you need a hair cut. The informed consumer is the only one with enough skin in the game to make decisions about medical treatments. In order for Healthcare to behave like a free market, the consumer must be heavily exposed to the costs. Only when the doctors and medical facilities must face the “Feedback of Competition” will they be forced to continuously improve Quality, Service, and Price. Outrageous wait times, surly and rude service, unnecessary drugs, tests, and procedures, are all evidence of a dysfunctional and unfree market.

    As an example of a medical free market let’s look at what has happened to Lasik surgery which insurance doesn’t cover. Starting from radial keratotomy surgery 30 years ago, and quickly progressing through several different methods, the technology has improved to lasers, quality has improved, service has improved (it’s outpatient surgery), and prices have dropped ($299 per eye). Now imagine that happening all over the entire medical industry. We would swiftly see same day doctor visits, diagnostics would come to resemble the Star Trek Tricorder in speed and accuracy, drugs would be custom designed to the microgram and administered not once per day but as needed, there would be rapid technological advancement, and prices would fall while average health would see vast improvement.

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