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Thu Mar 22, 2012, 12:37 PM

Savings Lives Doesn’t Count If There’s No Profit!

Another example of the failure of American-style capitalism appeared recently in a New York Times report. There is a generic drug, transexamic acid, which was shown in a large multi-country trial in 2010 to save the lives of hemorrhaging trauma patients by slowing their bleeding.

The British and American armies began using the drug immediately with great success, saving lives of badly injured soldiers. It is used in British hospitals and is carried in British ambulances.

The drug could save an estimated 4,000 lives in the United States each year … victims of car crashes, stabbings, and shootings. Yet American hospitals have been “slow” to begin using it.

Why? The drug is cheap. So cheap that there is little profit in it for its manufacturer, and so it has not marketed the drug, hasn’t pushed it. And if a pharmaceutical company doesn’t push a drug, it doesn’t get used.

Finally, however, hospitals in several cities are now “debating” its use. But in most others, it is not being considered.

This is a scandal and yet another indictment of American-style capitalism. There’s nothing wrong with making a profit. But profit should never be a factor when it comes to providing health care.

If everyone in the health care field … from drug manufacturers to hospitals to doctors groups … were by law required to be not-for-profit organizations, we would not have many of the types of problems that we have with health care in the United States.

To those who will say that taking away the profit incentive would negatively impact innovation, I say, “nonsense.” Three reasons. First, the people inventing drugs or delivering services do so because they are motivated and have professional pride. Second, drug companies would continue to innovate because new products and increased sales leads to greater security for its labor force. Third, it might actually increase innovation because a drug would not be deep-sixed because it wasn’t going to be sufficiently profitable.

Taking the profit motive out of American health care would more than likely greatly improve the entire system and the quality of care Americans receive, which contrary to the posturing of some politicians is consistently shown in international studies to rank rather low compared to the other industrialized countries.

For more on this and other issues, see my blog, http://PreservingAmericanGreatness.blogspot.com

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Reply Savings Lives Doesn’t Count If There’s No Profit! (Original post)
natrlron Mar 2012 OP
RC Mar 2012 #1
Stan Smith Mar 2012 #5
dkf Mar 2012 #2
natrlron Mar 2012 #3
dkf Mar 2012 #6
jwirr Mar 2012 #4

Response to natrlron (Original post)

Thu Mar 22, 2012, 12:45 PM

1. Single Payer, Universal Health Care.

 

Private health care, one payer, the Government. It works in Canada.
Eliminate the middle person - The for profit, corporations acting as medical second guessers to your medical doctor, to pad their bottom line.

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Response to RC (Reply #1)

Thu Mar 22, 2012, 05:27 PM

5. Damn straight Single payer NOW!

I am happy that President Obama has got the ball rolling on healthcare, but we need single payer. The rich jerks can afford to forgo just one vacation, and take that money to help those who need it. What the dense idiots on the right don't understand is with single payer they will benefit greatly, instead of forking over money to an insurance company that uses their premiums to line some fat cat's pocket, they can pay that same money to the government and have excellent health care.

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Response to natrlron (Original post)

Thu Mar 22, 2012, 01:02 PM

2. Why isn't this a case of pure lack of knowledge on the part of doctors and hospitals?

 

Maybe the truth is they are dependent on pharma reps for ideas and without a profit incentive to educate the information simply doesn't get out.

That goes to lack of time or effort on the part of professionals. Making it all non profit won't get this drug widely distributed either.

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Response to dkf (Reply #2)

Thu Mar 22, 2012, 05:06 PM

3. But that's the whole point.

There shouldn't need to be a profit incentive in the health care field. We're talking about people's lives here.

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Response to natrlron (Reply #3)

Fri Mar 23, 2012, 01:03 PM

6. Knowledge doesn't magically impart itself you know.

 

How are you supposed to know about the advances in your field if no one tells you about it?

It's strange to me that you can be upset about that. What is your solution?

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Response to natrlron (Original post)

Thu Mar 22, 2012, 05:12 PM

4. There are things that a capitalist economy does not count as value - the environment, life,

happiness, health etc. This has always been the problem the true cost of most economic actions is not correct without taking into account the quality of life.

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