Tuesday, May 17, 2022

A Medical Revolt Is Coming

While the Free Market Medical Association [FMMA] is made up of buyers, sellers, and intermediaries, we decided this year to focus primarily on buyers.

In Oklahoma City, Deaconess Hospital, right across the street from the huge Baptist Hospital, provided a quality check and ensured that both hospitals had to provide a quality experience for the patients and for the referring physicians.

Currently, hospitals are no longer accountable to their medical staff, having purchased a large part of their staff, essentially making geldings of them all.

Clearly, the root cause has been a shift in the balance of power, where the medical seller, the hospital, has gained the upper hand over the patient and their advocate.

Complications after surgery can extend a hospital stay or send a patient back into the hospital as happened to my husband.

Why are hospitals exempt from this discipline? Why is the uncertainty every other industry must endure intolerable in the medical industry? Or to the point of our message today, why are the difficulties of the seller of any interest whatsoever to the buyer or the public at large?

The time for the confident medical consumer has arrived, and the time has also arrived for price gougers and the rest of the bandits to fear a discriminating buyer and in enterprise recognize the customer as captain, as Mises did.
 

https://mises.org/wire/medical-revolt-coming 

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