Saturday, July 28, 2018

Falling Apart

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 ofinitial 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.

In other words, the system that was intended to benefit all ends up benefiting the few at the expense of the many.

You can read the rest @
http://washingtonsblog.com/2018/07/heres-how-systems-and-nations-fail.html

It contains other examples of how the US is falling apart.

And don't expect the 0.01% and their collaborators to fix any of this.

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