Found in 6 comments on Hacker News
WalterBright · 2023-10-07 · Original thread
I.e. you want the government to run industry. That never works well.

> all audited by a dedicated regulatory body to ensure that comp and waste don't go into excess

Since when has that ever worked for government run operations?

> The hope would be that the industry doesn't actually profit off of human suffering

I.e. industry works to alleviate suffering by providing the things that suffering people want. Their motivation is to make a profit.

The profit tends to be far less than the waste from the inefficiency of government industry.

BTW, the drug industry would serve us a lot better if they weren't strangled by FDA regulations and a screwed up patent system.

See "Regulation of Pharmaceutical Innovation" by Sam Peltzman:

https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...

WalterBright · 2023-07-22 · Original thread
Sam Peltzman goes into this and the statistics in his book Regulation of Pharmaceutical Innovation:

https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...

WalterBright · 2023-06-19 · Original thread
The counter to this is Sam Pelzmann's "Regulation of Pharmaceutical Innovation" https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...

where he shows, with statistics, that moving fast saves more lives than it costs.

WalterBright · 2018-08-20 · Original thread
Sam Peltzman writes about this in "Regulation of Pharmaceutical Innovation"

https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...

And does a statistical evaluation of the effects of the FDA regulations.

WalterBright · 2017-09-30 · Original thread
The massive regulation and government interference in health care in the US has definitely resulted in companies gaming it for profit.

https://www.theatlantic.com/magazine/archive/2009/09/how-ame...

https://www.amazon.com/Competition-Monopoly-Medical-Care-Fre...

https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...

WalterBright · 2017-05-16 · Original thread
Looks like I'm the only person who ever read the book :-(

https://www.amazon.com/Regulation-Pharmaceutical-Innovation-...

BTW, it was published in 1987, long before climate change became a thing.

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