To treat my viral sinus infection (charming, right?), I was offered two prescriptions today: medrol dosepak (steroid) and a nasal inhaler. The former is commodity and $14. The latter is $144. lol.
The pharmacist, to his great credit, let me know that it’s a combination of two over-the-counter inhalers with a combined cost of $35.
When the money’s broken, scams are the norm.
lol. Thats crazy. It’s not with $109 to only do a single inhalation instead of 2
Feel better soon though 🫂
COVID-19 Intensifies 😆
The American medical catastrophe, err excuse me, I mean the American medical system is a different scam than the cantillionaire pyramid scheme that is our monetary system. They have roots in the same institutions, but totally different scams with different solutions. Bitcoin actually doesn't fix this.
Disagree. On a Bitcoin standard, the State is brought to heel. Without the State meddling, free markets can emerge. In free markets, competition makes this sort of scam far less likely.
Our outrageous medical costs are the product of a few different failed policies, none of which are fixed on a bitcoin standard.
The AMA is literally a cartel that restricts the number of doctors that can graduate medical school each year. They fiercely lobby congress to prevent registered nurses and other professionals from providing care that they are well equipped and qualified to provide. In other words they have erected a regulatory moat to protect their own profits. They suppress supply in order to increase demand and keep their own wages high. And they use the government monopoly on violence to enforce their rules. Bitcoin doesn't fix this.
Employer provided healthcare is another scam put in place by the federal government as a temporary measure and kept in place by perverse incentives. They froze wages and exempted employer provided health insurance, creating a massive incentive for companies to juice their employee wages with healthcare dollars. Further changes to the tax code entrenched this crime against free markets as insiders used their influence and, again, the government monopoly on violence, to profit at the expense of the American work force. The system we have today is a disgusting leviathan of regulatory excess. The problem started in the US Congress and the solution must start there as well. Bitcoin doesn't fix this.
Some light reading for your Tuesday evening.
https://www.cato.org/sites/cato.org/files/2023-06/policy-analysis-928-update.pdf
https://fee.org/articles/the-medical-cartel-is-keeping-health-care-costs-high/
