This is one of the best books -- about the worst of the healthcare industry. It’s called
An American Sickness, by Elizabeth Rosenthal.
Jud, we both have read this. And we have both seen exactly what she’s talking about. The American people are being hoodwinked and scammed by the healthcare industry. That doesn’t mean all people in the healthcare industry are evil, but it certainly means they are stuck in a system that is working purely for profits and not for your healthcare outcomes.
It was released in 2017 is a real shocker about what goes on behind the healthcare industry’s closed doors.
She lays out the “Economic Rules of the Dysfunctional Medical Market.”
Although there are 10 rules, we’ll discuss only the first 3 here...
Let’s go through them.
1. More treatment is always better. Default to the most expensive one. Some people will say this is because of malpractice suits.
The second economic rule of a dysfunctional medical market is -- A lifetime of treatment is preferable to a cure. She documents a researcher at Harvard medical school who believed she was only steps away from curing diabetes. And yet -- no pharmaceutical company or nonprofit would step forward – to fund her research -- including the juvenile diabetes Association.