Sunday, December 10, 2017

Cash above Care

Signups for Obamacare in 2018 are underway, but so far, Congress and the President have failed to agree on major fixes to the program. Elisabeth Rosenthal, a physician and author of "American Sickness", says don't look to insurance companies, doctors, hospitals or the pharmaceutical industry for solutions either.
Sharyl: You've said that under a healthcare system it's far more lucrative to provide a lifetime of treatments than a cure. What's an example of that? 
Elisabeth Rosenthal: I think the best example of that is diabetes. If you had a cure tomorrow for type one diabetes, you would knock out a major industry of pumps, of monitors, of insulants that are all incredibly expensive. If we're trusting in business models to give us innovation, they won't give us that ultimate innovation of a cure for a disease. 
Sharyl: In the US, is it cynical of us to expect a business that focuses on its bottom line to actually do something that's charitable maybe, that's not best for their business?

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