The Profit Motive vs. Socialized Medicine: A Blast from the Past

You (that’s you personally, whoever you might be) have access to far more in the way of medical treatment and medications because companies like Dow and Lilly were allowed to make money than if we had followed some ivory tower “good of society” model.

At my age, I take quite a few medications. More than half of them are “$4 generics” at my local Kroger, that’s $4 flat without insurance, and that’s medicines that didn’t even exist when I was a boy, medicines that only exist because companies like Lilly and Dow have been profitable places for people to invest money, have paid high salaries to attract some scary smart researchers and technicians to develop these new medicines and treatments.

Without these newer medicines I would be limited to the medicines my parents and grandparents had, medicines that were less effective, or with more and more severe side effects.  Thanks, but no.

Companies, with a profit motive developed smaller and less expensive X-Ray units.  Because of this my doctor has one in his office.  When I have an impact or joint injury I can get an X-Ray right there–immediately–without needing to go to the ER or scheduling an appointment with a hospital radiology department.  Less expensive and quicker diagnosis.

The same profit motive led to the development of portable EKG machines which my doctor also keeps in his office.  My annual exam includes an EKG every time.  Should I start to develop heart problems early diagnosis means early treatment with much better chances for my continued breathing. (I’m in favor of breathing and would like to continue doing it.) [Edit, 2017:  As of my last exam that had changed.  New regulation.  Ne government regulations, had required the insurance to no longer cover EKG’s as part of the annual exam.  Now they’re only covered after some heart problem is indicated.  Thus, thanks to the interference of government “helping” with health care, I am at more risk and the use of diagnostic tools that might save my life is delayed.]

The same profit motive led to the CAT scan unit being right there in my local hospital after my last auto accident. (Rear ended by a Tahoe while I was leaning forward to change stations on the radio putting me at about the worst possible posture for a whiplash injury.)  They’re everywhere.  They’re everywhere because people with profit motive made them available.

The same profit motive led to improvements in glucometers so I can quickly and reliably check my blood sugar with less pain and fuss than my mother did a scant two decades ago.

I could go on and on.

And if I can’t afford the latest and greatest? Well, I didn’t have it before either so I can’t really complain that much. And if only the latest and greatest can save my life and I don’t have it? Well, sucks to be me in that case, I guess. But although I may not have it, my daughter will. After all, yesterday’s “latest and greatest” is today’s “cheap and ubiquitous”.  But hamstring the Lillys and Dows of the world by undercutting profit and going to some Marxist “according to his need” (which is what that “they are necessities” amounts to) and she won’t.

Writer in Black: Profit Motive vs Socialized Medicine