Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Read it this weekend: I'd love to see a response from the health care industry that wasn't hand waiving. If he's right on 50% of his facts, it is disgusting how the system works.


"If he's right on 50% of his facts, it is disgusting how the system works."

There were only a handful of actual statistics in there. The one thing he is wrong about though is that healthcare isn't "roughly 20% of the GDP", rather it's about 17.9%. The furthest out cms.gov gives yearly projections is to 2021, and even then healthcare is only supposed to be 19.6% of the GDP. And I think that might even include things like herbal supplements 'other non-durable medical supplies', I'm not positive about that though.

Source: https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta...


Facts are more than just statistics. There were numerous statements about (what seems to be) gross, gross overcharging on everything from pens to surgical gowns to diagnostic equipment. There were the exorbitant salaries and let's not forget the chargemaster.


Exactly: that's the part I'd like to see a rebutted (if there is a rational rebuttal). The ad-hoc nature of their pricing model seems crazy.


Isn't 17% roughly 20%? Or rather, isn't 17% roughly a fifth?


Only if you consider ~450 billion dollars to be a rounding error.


Is $4.50 a rounding error on $150? To pretty much everyone, yes it is.


Compared to ~15 trillion (15,000 billion)? That seems fairly reasonable.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: