Doctor Mike
๐ค PersonAppearances Over Time
Podcast Appearances
A building is bad, you break it down, you restart.
It's harder now.
Yeah, that's a good analogy.
I will say that you could have private with really strong-armed regulation.
which is sort of what we have, but it's been dismantled and hasn't evolved as the smart people in the boardrooms have evolved in their trickery of how they move numbers around, whether it's the buying up of horizontal consolidation where they say, or vertical consolidation where they go, okay, the pharmacies where we're losing a lot of money, buy all the pharmacies.
Let's just own them because now we could set whatever price they want.
And the capital system, as you adequately point out or accurately point out, is flawed in healthcare because if I want to decide the cost of this water bottle, I'll say, okay, well, what price can I make this thing that people will market pressure pay for it?
If it's too high, they won't.
I'll find that number.
But when it comes to healthcare, it's like, if this is insulin and I can't live without this, I'll pay whatever you set.
So now you have a really evil way to make a lot of money whenever you want.
Because you just raised the price.
What am I going to say?
No, I'm going to die?
That's not an option.
So it's not like a luxury good where you can say, oh, you know, these sneakers are too expensive.
You're going to say, I need that insulin.
And that's why the Uberization of healthcare is really gross to me.
And I really dislike, because I've been in those boardrooms.
The surge pricing and also these companies that are trying to find solutions for a broken healthcare system in the private equity space.