jzackpete
Joined 6 years ago
Joined 6 years ago
When Medicare was created, medical care accounted for less than 7% of GDP. It's around 20% now[1]. If you extrapolate life expectancy from before Medicare to now, has that massive increase in spending changed the trajectory at all?
You see the same phenomenon in higher education: we subsidize demand through government-backed loans, and costs and administrative overhead skyrockets.
[1] https://www.healthsystemtracker.org/chart-collection/u-s-spe...
We're not going to solve it by constraining the supply of healthcare by regulating every aspect of it, and then subsidizing the demand.
Some unsolicited advice: wait for widespread adoption, and review data on long term side effects from sources without a conflict of interest before you have a procedure like this. I went from 20/150 to 20/15 for a few years (which was pretty cool) but they're 20/40 now so I wear glasses/contacts when I leave the house anyway. Glasses and/or contacts aren't that bad.