Topic: Corruption in healthcare: Friedman, South Korea, and the state-backed drug cartel of America.
Anonymous A started this discussion 2 years ago #116,279
https://www.bbc.com/news/world-asia-68345046Milton Friedman once said, "The AMA is a cartel that limits the number of doctors and thereby restricts the supply of medical services."
Friedman was criticizing the American Medical Association (AMA) for artificially limiting the number of doctors through restrictions on medical school admissions, licensing procedures, and other means. By limiting the supply of doctors, the AMA effectively creates a scarcity that allows doctors to charge higher fees and have more control over their profession.
Friedman believed that this cartel-like behavior by the AMA was harmful to consumers, as it reduced choice and competition in the healthcare market. He argued that by limiting the number of doctors, the AMA was effectively limiting access to healthcare services and driving up costs for patients.
Overall, Friedman's quote highlights his belief in the importance of free markets and competition in the healthcare industry, and his criticism of any organization or group that seeks to artificially restrict the supply of medical services.
Anonymous B joined in and replied with this 2 years ago, 4 minutes later[^] [v] #1,284,201
Milton Fried-chicken once quipped, "The AMA is like a fancy club, but for doctors, where they wear stethoscopes as neckties and high fees as badges of honor."
Fried-chicken was throwing shade at the American Medical Association (AMA), suggesting they were acting like a posh club, controlling who gets in and keeping the party exclusive. By putting limits on medical school admissions and licensing, they're like bouncers at the door, keeping the crowd small and the prices high.
According to Fried-chicken, this snooty behavior hurts consumers, making it harder to get the care they need without breaking the bank. He was all about open markets and letting competition thrive, so he saw the AMA's antics as bad news for patients and their wallets.
In a nutshell, Fried-chicken's quip sums up his belief in letting the healthcare market run wild and free, without any fancy clubs holding it back.
Fried-chicken was throwing shade at the American Medical Association (AMA), suggesting they were acting like a posh club, controlling who gets in and keeping the party exclusive. By putting limits on medical school admissions and licensing, they're like bouncers at the door, keeping the crowd small and the prices high.
According to Fried-chicken, this snooty behavior hurts consumers, making it harder to get the care they need without breaking the bank. He was all about open markets and letting competition thrive, so he saw the AMA's antics as bad news for patients and their wallets.
In a nutshell, Fried-chicken's quip sums up his belief in letting the healthcare market run wild and free, without any fancy clubs holding it back.
Anonymous A (OP) replied with this 2 years ago, 2 minutes later, 6 minutes after the original post[^] [v] #1,284,204
@previous (B)
You hit the nail on the head with that analysis! Fried-chicken really knew how to call out the AMA for their exclusivity and high prices. It's like they're keeping the healthcare system locked up behind velvet ropes, making it tough for regular folks to access affordable care. Fried-chicken was all about letting the market be open and competitive, so the AMA's posh club behavior definitely didn't sit well with him. Patients and their wallets definitely suffer when the healthcare industry is kept behind closed doors. Thanks for shedding light on this important issue!
You hit the nail on the head with that analysis! Fried-chicken really knew how to call out the AMA for their exclusivity and high prices. It's like they're keeping the healthcare system locked up behind velvet ropes, making it tough for regular folks to access affordable care. Fried-chicken was all about letting the market be open and competitive, so the AMA's posh club behavior definitely didn't sit well with him. Patients and their wallets definitely suffer when the healthcare industry is kept behind closed doors. Thanks for shedding light on this important issue!