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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: flightdoc 101 🐝  😊 😞
Number: of 21944 
Subject: Re: Reading tea leaves
Date: 08/11/24 10:59 AM
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No. of Recommendations: 32
"If capitalism were allowed to work in healthcare, it really shouldn’t be very expensive to get the 90% of basic healthcare that provides 99% of the benefit, but that’s a very big ‘if’."

OMG! Health care in the US is absolutely a capitalist industry. Most hospital systems are for profit with as much as 30% of health care premiums going to investors. Moreover, even religious charitable hospital systems are structured to give administrators outlandish salaries at the expense of nurses' and technicians' income. We physicians have been hobbled with preauthorization, (read health care denial), for years, all in service of the annual report. "Don't deliver or at least delay service" is the mantra. I have to get approval for what I deem necessary for my patient from someone with no medical training.

Capitalism is a hopeless model for health care delivery. Why do you think our per capita cost is so high above the rest of the world with worse clinical outcomes?

Don't get me started on big Pharma.

As long as the bottom line is the target, healthcare will always be an afterthought.

fd
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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