What is Reddit's opinion of
Death by Regulation: How We Were Robbed of a Golden Age of Health and How We Can Reclaim It?
From 3.5 billion Reddit comments
By popularity on Reddit, this product is:
3 reviews of this product found across Reddit:
The US health industry makes 3.2% profit on all capital investment. That is pathetic. If you have $1k to invest somewhere, you can probably just open a regular bank savings account than invest it in pharma companies.
They spend the vast vast majority of their money on meeting regulations.
you are making several assumptions here, and may not even realize it
- That a giant regulatory agency staffed with unelected bureaucrats is necessary to mandate labeling/safety/efficacy of drugs instead of just, you know, a LAW written by our elected representatives and passed by said reps
- that counterfeit or simply deceptive 'medicine' vendors are an externality that the free market has never been good at handling ** See the safety of Heroin Pre FDA ** See how other industries (games, consumer electronics) manage to solve this problem without any government regulation or oversight
- That the FDA has no externalities built into itself. E.g. the very regulations passed by the FDA could in fact be KILLING PEOPLE. Its called 'unintended consequences' or 'the seen vs unseen' or the 'broken window fallacy' ** https://www.amazon.com/Death-Regulation-Robbed-Golden-Reclaim/dp/0963233610
- That the people running the FDA don't first prioritize their own self interest first, just like everyone else does, and this could cause perverted incentives where the FDA pursues policies that kill more americans because it means they get more money in funding next year
>because single payer is ultimately the only way to preserve healthcare costs.
Doesn't he have plans to reduce healthcare costs?
Anyway, my stance is healthcare costs are being driven up by two things.
The non-evidence based nutritional guidelines that we have, and it seems the more we follow those guidelines the worse people do in regard to obesity, metabolic disease, and diabetes. Some of these guidelines actually have roots in religion rather than science. And even though we may not consciously follow the guidelines, food manufacturers will want to stay within the guidelines to reach the most customers. So you end up following the guidelines whether you want to or not... As pointed out by Nina Teicholz:
https://www.youtube.com/watch?v=fJEHiQKqfZM
The other problem is that the FDA is way more strict then the European counter parts which drives up research costs and the amount of time in which drugs are approved which ends up reflected in the costs of the drugs in the US. And the FDA is way too powerful and in many respects corrupt (they have punished pharmaceuticals in the past who have pointed out practices of bribery, by delaying processing of their drug approval). And not to mention going by the numbers the FDA has incidentally killed lots of terminal ill patients who had a hard time getting access to experimental drugs that would save or extend their lives, since pharma doesn't want to risk delaying approval by the FDA by trying to help them. As Mary Ruwart points out in her book:
https://www.amazon.com/gp/product/0963233610/ref=dbs_a_def_rwt_bibl_vppi_i0
Popular alternatives to Death by Regulation: How We...
American Crisis: Leadership Lessons from the COVID-19 Pandemic
In the Realm of Hungry Ghosts: Close Encounters with Addiction
