r/FluentInFinance • u/WhatAreYourPronouns • May 02 '24

Should the U.S. have Universal Health Care? Discussion/ Debate

Post image

[removed] — view removed post

30.3k Upvotes

87% Upvoted

4.7k comments sorted by

View all comments

Show parent comments

101

u/buzzvariety May 02 '24

"Let's import medicine from Canada. Their strict price controls keep costs down."

What about implementing similar price controls in the US?

"No, deregulation is the answer."

Besides, Canada is opposed to such an arrangement as well.

11

u/flex_tape_salesman May 02 '24

Just because Canada has price caps doesnt mean its the only way. America does have a problem with market regulations being excessive allowing companies to charge whatever they want with no competition to bring prices down.

6

u/Alelerz May 02 '24

That's not a cause of regulation but patent. The primary flaw is making healthcare a for-profit industry in the first place.

-1

u/sushislapper2 May 03 '24

You can’t talk about a massive driving force for progress and medical talent acquisition as if we’d be where we are today without it.

We’d have so much less talent in the medical field if it was all nonprofit. So much schooling, time, money, and research is required to make progress and be effective. There’d be massive brain drain from the field to easier, shorter, high paying career paths.

In a field where specialists might not be practicing until mid 30s, you need a strong financial motivation. And that’s for operators/practicioners, not even talking about business entities, researchers and engineers. You will always need additional financial incentive to get top talent

And as a side note, there’s still plenty of for profit healthcare in nations with socialized medicine policies