There's a big difference between compensating skilled professionals for their work and running healthcare as a profit-maximizing business. Doctors deserve fair compensation for their expertise and time, just like any other skilled professional.
The issue with for-profit healthcare isn't about individual compensation - it's about corporate entities having the power to make sweeping decisions that affect access to healthcare. When large healthcare companies control substantial market share, they can unilaterally raise prices or restrict coverage in ways that leave patients with few alternatives. Unlike choosing a different doctor, patients often can't easily switch insurance providers or hospital systems, especially in emergencies or in areas with limited options.
> Doctors deserve fair compensation for their expertise and time, just like any other skilled professional.
What's fair compensation for the skilled professional who administers a $50B organization?
Your proposed alternative to corporate healthcare is what? Government-run healthcare? How does that solve the problem of a single entity being able to unilaterally raise prices or restrict coverage, or allow patients flexibility to change their hospital in an emergency?
Are you claiming that government-run healthcare will make better decisions at minimizing cost than private healthcare? What other industry have you found the government to be better at minimizing cost than the private sector?
>Are you claiming that government-run healthcare will make better decisions at minimizing cost than private healthcare? What other industry have you found the government to be better at minimizing cost than the private sector?
Medicare has overhead of just 3%.
Last I checked, that's leaps and bounds better than private insurers.
The issue with for-profit healthcare isn't about individual compensation - it's about corporate entities having the power to make sweeping decisions that affect access to healthcare. When large healthcare companies control substantial market share, they can unilaterally raise prices or restrict coverage in ways that leave patients with few alternatives. Unlike choosing a different doctor, patients often can't easily switch insurance providers or hospital systems, especially in emergencies or in areas with limited options.