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Economy How do we lower medical costs? Any ideas?

F1980

Purple Belt
@purple
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Our healthcare costs are through the roof. The medical industry charges an arm and a leg for everything. How did it come to this and more importantly, what are some ideas to make healthcare much more affordable?

Affordable but also make it so that there's no increase in waiting list like in Canada and other countries

Are we just that short on doctors and nurses?

How about we make it so that our health insurance covers and promotes going overseas for medical treatment?
 
Our healthcare costs are through the roof. The medical industry charges an arm and a leg for everything. How did it come to this and more importantly, what are some ideas to make healthcare much more affordable?

Affordable but also make it so that there's no increase in waiting list like in Canada and other countries

Are we just that short on doctors and nurses?

How about we make it so that our health insurance covers and promotes going overseas for medical treatment?
Cut out for-profit middlemen in the insurance companies and then get all medical billing/processing done on the same standard format cutting administration costs MASSIVELY.

Nationalize healthcare completely and then every few years have an independent corporation audit and make changes to increase efficiency.

Make other countries invest in research and development so our citizens don't pay more for drugs than other countries.
 
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Reform Medical Lawsuits and Liability - The lawyers and insurance ghouls are crushing us all.
Create a pool for the poor for medical services to defer costs - we must take care of those citizens in need.
Triage by putting Urgent Cares right near every ER
Treat emergencies and deport like virtually all other countries do to non-citizens.
Promote competition.
 
AI is going to solve a lot of the issues we have. There will be competing AI apps for medicine, including free open source ones. You will be able to talk to your phone's AI, tell it your symptoms and it'll ask you some questions, point the camera towards wherever the issue is.

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Consume less medical resources. Generally speaking East Asians consume the least medical resources because they are skinny and not eating deep fried trash. In an ideal world we would make immigration 100% east Asian. They make good doctors too.
 
Preventative medicine. And I don't mean stuff like more screenings, but actual preventative medicine where you make sure people eat healthy, understand nutrition, know how to cook and appreciate food, and exercise so they're not riddled with lifestyle-related diseases by age 60. Not profitable though, for either the processed food industry, the medical industry, the pharmaceutical industry or the insurance industry. It's not something that can happen just like that as none of the corporate parties want it to change and they'll make sure the politicians won't do anything meaningful. Unlike Europe, the US has no food culture to speak of, and most people don't appreciate good food, don't know how to cook and just stuff their face with premade meals, restaurant food, junk food from chains, and packaged processed food. So the terrain is hostile to health on both a financial and cultural level.
 
AI is going to solve a lot of the issues we have. There will be competing AI apps for medicine, including free open source ones. You will be able to talk to your phone's AI, tell it your symptoms and it'll ask you some questions, point the camera towards wherever the issue is.

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Just what you want, a fucking robot diagnosing your medical issues lol.
 
Just what you want, a fucking robot diagnosing your medical issues lol.

They're doing it now. I had a robot perform the surgery on removing my gallbladder last month. For now, there's only a few types of surgeries robots can do, but Human surgeons make mistakes exponentially more than robot ones.
 
They're doing it now. I had a robot perform the surgery on removing my gallbladder last month. For now, there's only a few types of surgeries robots can do, but Human surgeons make mistakes exponentially more than robot ones.
Yeah, and I bet a real doctor made that diagnosis that led to your surgery... and every time I've seen those procedures youre talking about there's still a human doctor controlling the robotic arms.
 
Maybe not have half the money go to hiring people to deny claims and giving it to executives as a bonus for denying claims.
 
Require medical price transparency would help. I belong to a non profit Christian health sharing program. The Christian program covers my health care needs but works differently from traditional health insurance. A big difference is that as a member I am required to shop around, when possible, and choose low cost health care services. It is amazing at how large price differences can be between hospitals. As a result members of the non profit Christian health sharing program shopping around for best health care pricing, my health care coverage costs are about half the price of what others pay for health insurance. At least it is about half the price of people I know who I asked what they were paying for health insurance.

I believe this is something that soon to be President Trump is planning to address.

From last week I read this ~

How Trump can double down on price transparency for patients​



When he returns to office, President-elect Trump has the opportunity to fix the broken American health care system by doubling down on his first-term agenda of delivering price transparency for patients.

Instead of protecting American patients, the Biden administration rescinded or failed to fully implement the very basic requirements that patients should know the cost of their treatment before they get it.


By finally removing the veil between medical services and prices, Trump can empower patients to shop for the right care at the right price, avoid overcharges, and give employers and unions a better idea of the costs in advance so that they can optimally design health benefits. ....
 
How do we lower costs?
We don't. Healthcare is a business and the priority is maximizing profit.
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Increase residency slots and supply of doctors, address PBMs, etc. Most people overlook the latter since they fly under the radar more.
 
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