One of the "problems" I see with th healthcare debate is about the private sectors role. Many tout a free market approach and want the government to stay out of this market. This position assumes that there is a profitable market in the first place.
Why would there be profit in caring for the sick and poor? I don't think there is. Like education, these things cost money and come with no guarantee of payoff. Sure, if you limit yourself to only rich patients you will make money. Sick people will give anything to not die. But a poor person who needs expensive surgery or drugs will never pay you back. A pure free market would likely see the majority of us die penny-less, having only received a tiny percent of needed treatment before running out of cash. Is that what we want? Maybe we do. But know that you are one illness away from impoverishing your family.
Could anyone explain how for profit businesses are going to give poor sick people money at a profit, cause I don't see how?
Why would there be profit in caring for the sick and poor? I don't think there is. Like education, these things cost money and come with no guarantee of payoff. Sure, if you limit yourself to only rich patients you will make money. Sick people will give anything to not die. But a poor person who needs expensive surgery or drugs will never pay you back. A pure free market would likely see the majority of us die penny-less, having only received a tiny percent of needed treatment before running out of cash. Is that what we want? Maybe we do. But know that you are one illness away from impoverishing your family.
Could anyone explain how for profit businesses are going to give poor sick people money at a profit, cause I don't see how?
The theory is that the poor can depend on charity.
Can I get mine upfront? I may only need less than $1mil. Please give me the first million now and I will get back to the charity if I need more. TY!
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