“The more scans you do, the more money you make. If I do eight PET scans a day, that’s two million dollars a year, or a 35 percent profit margin… But we don’t use the word ‘profit’ in hospitals; it’s called surplus.” –
“The more scans you do, the more money you make. If I do eight PET scans a day, that’s two million dollars a year, or a 35 percent profit margin… But we don’t use the word ‘profit’ in hospitals; it’s called surplus.” –
Healthcare spending in America fast approaches $4 trillion a year. The dirty secret is – most healthcare isn’t actually that expensive to provide. There is a vast difference between what people are charged and what it costs to deliver care. A study
In 2004, The New York Times covered a program called Pursuing Perfection which helped medical practitioners in Bellingham, Washington help patients with diabetes and chronic heart failure mitigate their symptoms, while preventing others from developing them altogether. They employed best practices for counselling patients, nutritionists, nurses,
Thanks to its experimental gene therapy injection for COVID-19, in 2022, Pfizer became the first drug company in history to break $100 billion in annual sales.1 But its mere existence didn’t ensure Pfizer’s success. In 2022, Pfizer spent $2.8 billion on ads, an
I’ve written a lot about the poor incentives in our healthcare system. Austrian Economics teaches us that systems tend to produce the outcomes that they are incentivized to. In our healthcare systems – be them the socialized ones in the UK and
It used to be that if you got a job with a “full benefits” package that was a good thing, but Big Pharma has become so evil that “benefits” and “healthcare” are bad, bad words now. The American Medicaid budget is now
Peer-reviewed medical journals are supposed to provide objective, scientific evidence to the medical community on the safety and efficacy of medical treatments, but we face huge problems when it comes to conflicts of interest that compromise their objectivity. In 1992 The Annals
America, we are told, is in the midst of an opiate crisis. But the word crisis implies a condition of instability and danger that has been walked into accidently due to inadvertent ignorance or negligence – not malice. The FDA were promoting
The general check-up is considered sacrosanct. I mean, it’s important to get your check-up, right? Especially if you’re old. Well, according to the actual data – you’d better not! Unless there is anything wrong with you – don’t go for a check-up!
The American Academy of Pediatrics (AAP) on Monday issued new clinical guidelines for treating childhood obesity, recommending physicians offer weight-loss drugs and surgery to obese children. The guidelines, amended for the first time in 15 years, highlight the “complex genetic, physiologic, socioeconomic,