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YC Research: Universal Healthcare

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171–180 of 359 posts

Re: YC Research: Universal Healthcare

#171
post #161

Earlier quoted context omitted.

Physician and staff salaries (outside of staff to manage insurance companies) are not what drive increasing medical costs. Most physicians don't make that much money, all things considered. An insurer last month for a relative's pediatrics practice announced that they were having difficulties with their accounting system and so they would only be making a half payment on their outstanding AR (and naturally, they ann…

When you say insurance isn't paying what it costs for a vaccination, what determines the cost of the procedure? Is it the vaccine itself? Office overhead? Liability insurance? I know pediatricians are generally overworked and underpaid. But, it seems we desperately need innovation on the cost side. Maybe we need to drop kiosks into pharmacies that can read biometric markers, get doctor approval, and deliver vaccines.

> When you say insurance isn't paying what it costs for a vaccination, what determines the cost of the procedure? Is it the vaccine itself?

The vaccine itself. Medicare and Medicaid are notorious for this, as they have no mandate to cover marginal costs of supplies (and they have the ability to force providers to accept less than that).

So, depending on the practice, those providers could very well be losing money on every Medicare patient they treat before they even have a chance to think about paying for their office space, paying their staff, etc.

Re: YC Research: Universal Healthcare

#172
post #145

Earlier quoted context omitted.

What's seeing the expenses going to do, what mechanism is supposed to lower cost? When you need healthcare you need healthcare. No one goes to the physician for fun, elective procedures like breast enlargement or Lasik excepted.

The free market argument goes that informed consumers will chose healthcare services, and thus will either drive up quality, or drive down prices. The problem is that the customers cannot see the prices, and thus can't negotiate before hand. This isn't just for emergency care, but for stuff that shouldn't be too hard to get pricing for. There's a nice Vice(?) video about a couple having a baby. They find it impossibl…

Yeah, in England the GP sometimes asks which hospital you'd prefer, and the answer is always "you're the expert, I'll do what you recommend"

Re: YC Research: Universal Healthcare

#173

Interestingly, we already discovered a mechanism for drastically reducing the cost of healthcare back in 1986. It's a way of crowdsourcing the problem called high copays . Basically, you have to pay out of pocket for 90% of your health care up to a (high) cap. It turns out that patients are very good at figuring out which health care will improve health and which won't - the high copay group had no statistically sign…

A one-sided presentation of the conclusions. From the RAND study: Cost sharing in general had no adverse effects on participant health, but there were exceptions: free care led to improvements in hypertension, dental health, vision, and selected serious symptoms. These improvements were concentrated among the sickest and poorest patients. Personally speaking, I'm very much in favor of concentrating benefits among the…

The number of positive results found by the RAND experiment is completely in line with what you'd expect from false positives from multiple comparisons, particularly given that these results were all found in non-preregistered segments.

nor are competing therapies or competing providers of the same therapy offering a commodity product that can be freely selected between, just as if you suffer a catastrophic injury you won't get a timeout to make choices about which emergency room offers the best bang for the buck.

The vast majority of medicine is not emergency medicine. This idea that patients are unable to price shop and compare providers is completely debunked. India's free market health system represents 1/6 of the world and Indians do this every day.

Like any sane person I want to minimize the overall cost of healthcare, but I also want to minimize avoidable suffering.

As RAND and Oregon show, free and reduced cost healthcare do not minimize avoidable suffering (at least suffering caused by medical conditions) any better than high marginal cost plans.

This isn't just a matter of altruism or anxiety about high healthcare costs; if you have a maximally efficient healthcare delivery system then it's likely to fail in the event of a black swan public health crisis because all the gains from efficiency have already been booked for profit.

Can you provide an argument why a more efficient medical system - specifically one where patients don't visit the doctor for frivolous/moral hazard reasons - would be somehow susceptible to black swan events?

Re: YC Research: Universal Healthcare

#174

(Full-time co-founder of a healthcare startup here): W/r/t the US specifically: it seems there is no shortage of inefficiencies and obvious solutions to the inefficiencies in the US healthcare system. To me, the real problem seems to be a system that has almost diabolically evolved to create competing interests that deadlock all sides into a sub-optimal solution. Specifically-- patients, payers, physicians, pharma, f…

I bet making structural changes so that cost of care is more visible to patients would help a lot in the US. Of course this means disincentivizing health care as a benefit rather than incentivizing it, so it will never happen. It is kind of happening with things like HSAs, but not really. We should also work on removing arbitrary barriers to entering the supply side of the market. Not just for individuals that want t…

> but certificates of need

But they came about to protect the consumer from high prices.

If I own a hospital and buy a $300,000 MRI machine I need to make that money back over the 10 year life of the machine. I charge one price if it's used by 10 people a day; I need to charge double if it's only used by 5 people a day. The extra supply reduces demand and thus increases prices to the customer.

And it's unethical to just scan more and more people, because of the problems of overtesting and overdiagnosis.

EDIT: Citation that CONs came about to reduce prices: http://www.ncsl.org/research/health/con-certificate-of-need-...

> The basic assumption underlying CON regulation is that excess capacity stemming from overbuilding of health care facilities results in health care price inflation. Price inflation can occur when a hospital cannot fill its beds and fixed costs must be met through higher charges for the beds that are used. Bigger institutions generally have bigger costs, so CON supporters say it makes sense to limit facilities to building only enough capacity to meet actual need or demand.

Re: YC Research: Universal Healthcare

#175
post #51

Founder of healthcare startup here too: This sounds like a great project. I love the idea of building technology for healthcare in a small, controlled, active care environment, and then scaling those tools to a larger audience. The bigger issue in healthcare IMHO is that the American healthcare model, while hugely inefficient, seems to be the system that best incentivizes innovation. We pay 10x what Sweden pays for m…

You may be right about medical innovation being partly driven by the profit and cost-heavy US healthcare system. We need to get comfortable with the idea that economic, profit-driven interest is less important than using our considerable resources to rebalance the care for everyone in a more equitable process. I am willing to slow down the pace of innovation for this goal, and I hope others are, too. This directly parallels environmental concerns, where we as a species are destroying habitat, driving species extinct, and negatively impacting the climate, so we can enjoy many unnatural conveniences. We have to take a step back and realize that fixing these fundamental issues is more important than innovation and technological progress.

Re: YC Research: Universal Healthcare

#179
How much of the problem is actually the way (big) pharma conducts research? ( I know that I am over simplifying and dozens of startups are focused on improving the way research is done)

From a manf process standpoint, there are cheaper ways to create these compounds. Generic drug manufacturers have proved that ignoring the cost of research, the drug itself costs next to nothing to make, market and sell.

From an economics standpoint, healthcare costs are a significant part of GDP. In an ideal model if all research is funded directly via government grants and the key research is licensed through a free licensing - It should create a very competitive drug cost model.For a healthcare practice standpoint, legislation can really help. Stripping down some of the malpractice laws are a good starting point.

Additionally, the monopoly on medical education should be broken - Making medical education a national priority is a key step. We also need to make sure, that doctors are not the only healthcare providers. Enabling entrepreneurship among non doctor(nurses, mid wives etc) medical practioners can increase the market supply.

These 2 actions in theory should create more doctors and reduce the cost of practicing medicine.

Re: YC Research: Universal Healthcare

#180
post #178

Earlier quoted context omitted.

Next time a non-human asks me where it can find a doctor, I'll take it to the vet myself.

Do infants ask?

Infants usually have individuals called "guardians" who we accept as responsible for their healthcare.

The ones that don't probably have bigger problems than access to healthcare.

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