David Slack on the moral vacuum behind healthcare privatisation:
"Americans under their private system spend twice what other nations do - 19% of GDP versus 9-11% - yet get a poor outcome. The UK matches US cancer survival while spending 40% less. Medical bills cause two-thirds of US bankruptcies."
Not to mention systemic delay and denial of care that Actually Kills People and leads to extrajudicial executioners becoming folk heroes. We really don't need that here.
https://subslack.substack.com/p/exploring-david-seymours-maths
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I'll never cease to be amazed at the gullibility underlying arguments that the private sector is "more efficient" at delivering public goods.
If you imagine two operations, given identical revenue and service level requirements, any kid can tell you that the one that doesn't need to show a profit will have better outcomes.
How do libertarians get this obvious, basic principle so utterly wrong, and what makes them think they can fool the rest of us?
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Right? Profit IS inefficiency by definition.
@phil_stevens
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