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News Link • Healthcare Industry

Here's How Systems (And Nations) Fail

• https://www.zerohedge.com, by Charles Hugh Smith

Would any sane person choose America's broken healthcare system over a cheaper, more effective alternative? Let's see: the current system costs twice as much per person as the healthcare systems of our developed-world competitors, a medication to treat infantile spasms costs $8 per vial in Europe and $38,892 in the U.S., and by any broad measure, the health of the U.S. populace is declining.

This is how systems and nations fail: nobody chose the current broken system, but now it can't be changed because the incentive structure locks in embedded processes that enrich self-serving insiders at the expense of the system, nation and its populace.

Nobody chose America's insane healthcare system--it arose from a set of initial conditions that generated perverse incentives to do more of what's failing and protect the processes that benefit insiders at the expense of everyone else.

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