Below The Fold ...

[Rigby5]

With universal health care doctors no longer need that massive back office to process payments. Not only don't they have to deal with multiple insurance companies (each with their own accounting systems) they don't have to chase after patients for payment. They just send the bills directly to the universal insurer (and they don't have to argue with insurance company claims people as to what is and is not covered).

That's a substantial reduction in the doctor's overhead.

Agreed.
Universal healthcare or single payer is a viable option.

 

[sear]

"Things like online patient databases requires join cooperation ..." R5 #180

And if the Internet is used only as a conduit of transmission, and not a permanent storage repository, coordination if any is internal.

"Grant money for research is the opposite of the profit motive." R5 #180

Grant money for research is the opposite of the profit motive for the bureaucrats employed to administer such things. BUT
the recipient universities are the beneficiaries.
In simplified / illustrative math:
Without grants the University pays $100% of such university operation.
If grants comprise 25% of that budget, because money is fungible, the grant money liberates 25% for any other purpose:
- additional unrelated research
- tuition reduction
- scholarship supplementation
- whatever

"It is voluntary money invested in the hope of later voluntary benefits in return." R5 #180

And it was a prominent element of what had put the U.S. on top.

And now that President Trump has severely sabotaged this, the U.S. appears to be careening toward subordinate global status.

"That is why almost all research and development happens at universities, and private companies almost never achieve anything themselves.
Which should have us questioning why even bother with private companies?" R5 #180

It's a two-sided coin.

I'm not squeamish about $Billionaires rolling the dice. It's their money.

 

[Rigby5]

And if the Internet is used only as a conduit of transmission, and not a permanent storage repository, coordination if any is internal.


Grant money for research is the opposite of the profit motive for the bureaucrats employed to administer such things. BUT
the recipient universities are the beneficiaries.
In simplified / illustrative math:
Without grants the University pays $100% of such university operation.
If grants comprise 25% of that budget, because money is fungible, the grant money liberates 25% for any other purpose:
- additional unrelated research
- tuition reduction
- scholarship supplementation
- whatever


And it was a prominent element of what had put the U.S. on top.

And now that President Trump has severely sabotaged this, the U.S. appears to be careening toward subordinate global status.


It's a two-sided coin.

I'm not squeamish about $Billionaires rolling the dice. It's their money.

The problem of "$Billionaires rolling the dice" is that they concentrate on returns and don't at all care what harm they do.
Like the Moderna and Pfizer mRNA injections for covid, that they each made $60 billion apiece on, but was extremely harmful instead of good.