Does anyone here remember how health care was delivered before medicare and medicaid was enacted in 1965? It was not pretty. Prices were low then because it was all private pay and charity. Why do you think so many hospitals are named after saints? The church made a significant contribution to running healthcare. But when the govt got involved in 1965, the MBAs started salivating. Now we have a system that is built around govt style procurement that we cannot afford. As our population ages, as salaries continue to remain flat, we will have hard choices to make.
A parallel but not too different situation is happening in the hospital space. Corps fire experienced nurses and hire newbies at half the price. Then they realize the newbies aren't performing so they downsize staff. Then a flu or other seasonal event drives up need for staff so they turn to temp agencies (per diem nurses or 'travelers'). These travelers get 150% to 200% of what staff nurses get. The remaining staff nurses start to leave and become per diem. hospital costs double, quality of care declines.
Medical training is designed to produce operators who will add value to corporate health systems - prescribe pills, do procedures, or anything that can generate 'billable hours'. Actually educating patients to be healthy will only reduce corporate health system profits. Why do you think we have been fighting the 'war on cancer' since the 60s? Now 'personalized medicine' and synthetic peptide and complex immunotherapies are the latest twist with costs into 5 figures (orders of magnitude greater than standard therapies)and efficacy only better by a factor of 2 at best. Many treatments promise improved 'partial response rate' increases from 10 % to 50% yet a partial response is not a significant improvement.
AI is a disaster waiting to happen. As it is simply a regurgitation of what has been already said by real scientists, researchers,and physicians, it will be the 'entry drug' to advertise expensive therapies.
Thank goodness our corporations have not stooped to providing healthcare in exchange for blood donation, skin donation, or other organ donation. But I can imagine United HEalthcare merging with Blackstone so that people who need healthcare can get 'health care loans'.
I cant wait to see the unintended consequences. Imagine eating a food which then digests you from the inside out. Wait, wasnt there a video game like this?..,,,half-life
I used to wonder how the US population could be so stupid to elect someone counter to their best interests, then threads like these remind me that people are really, really bad at logic and such.
This highlights an unspoken danger of AI. People are up in arms about AI taking jobs in Human Resources, customer service, low level coding, etc. But education will take a massive hit. PhD, masters and even BS degrees will be devastated. Unless an individual has documented real benefits to a bottom line of some business, the CV will be window dressing. The only field that will continue to offer steady employment will be crime.
This does point to one of the problems the article highlights. The US graduates 1385 PhDs in economics for 400 faculty positions. Those faculty positions face global competition. While it's a net benefit to US institutions to have the best tenured professors in the world, the US must also deal with the less than fully employed US PhD graduates.
> The US graduates 1385 PhDs in economics for 400 faculty positions. Those faculty positions face global competition.
If correct thats actually a pretty good ratio. In science you basically don't get a faculty position after the PhD, which lasts 5-7 years. You have to do a postdoc. Used to be 2-3 years, now its more like 5-6. To the extent its rare for any new faculty to be under the age 35.
I see an opportunity for someone who can code. Make a website that tabulates search results for common terms. Listing the position of the desired search hit could be the ‘veracity score’ and allow users to assess the distortion field of each search engine
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