> The solution to the problem of private equity running the medical system is government-run health care
A super majority of the medical R&D is funded by the US system. The gov run systems pay for a minimum of it. Of the U.S. adopts a system like other gov run countries where does the medical R&D get financed?
It shows the U.S. spending 2.4x that of Europe on pharma expenditure as a % of GDP, and 3.2x that of Europe on government R&D health budgets as a % of GDP.
60 Billion a year (if I've read you charts correctly) is a drop in the bucket of US annual medical spending (4 Trillion/year.)
You could pick the next most expensive country's plan, triple US R&D expenditures, and still spend way less. The GP's point about it not being outsized is correct.
You're attempting to introduce a tangential point to cloud the issue, a typical Red Herring fallacy. Bowyakka was 100% incorrect. It is indisputable that U.S. medical R&D spending makes European spending appear insignificant.
US americans are already spending the money that funds that R&D. One possible solution that occurs to me just now (and is therefore very half baked) is that there must be a way they could continue to spend that money to fund research, while also having a functioning medical safety net
A super majority of the medical R&D is funded by the US system. The gov run systems pay for a minimum of it. Of the U.S. adopts a system like other gov run countries where does the medical R&D get financed?