Whether or not you believe in socialized medicine, there maybe a few areas where the government should participate.
One area is the distribution of vaccines. Because vaccines protect not only the health of the individual but also of the whole population, the cost of vaccines should be shared by the government. Vaccines should be made available to everyone.
But we also need to protect those who suffer adverse reactions from taking vaccines. To insure the viability of the companies making vaccines, we should limit being able to sue the manufactures. In return, a fund would be set up to pay for those injured by taking vaccines. This will take out the "lottery" mentality out of suing manufactures. Those that are severely injured would be compensated fairly without having to overly compensate lawyers and battle manufactures in court.
The government would save money by increasing the overall health of the general public, reducing lost wages from those becoming sick and those taking care of the sick. Also the court system will save money by having less trials. The manufactures will save money by having a sure customer for their product (the government) and by reducing litigation costs. Because their risks will be less, they can lower the overall return needed to attract investors. These saving can be passed on it lower drug cost or in increased research and development.
Sunday, September 7, 2008
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2 comments:
Ok, this is scary. You and I actually agree on something. The only ones that would disagree are those "overly compensated lawyers".
I agree with your "lawyers" comment.
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