Price is not a cost. Price is a trade rate. Cost is an outlay.
Until people learn language, they can not think straight.
@JohnGritt “cost” more closely mirrors the language in the bill, which focuses on insurance deductibles and cost-sharing rather than retail price. Where no single word is comprehensively accurate, reflecting the source language is one way to avoid introducing an additional layer of imprecision. The meme prominently cites the original bill for a full analysis.
That being said, you’re right. Words matter, and accurate concepts matter, particularly in governance, where 1/2
@JohnGritt I mean, yes, wouldn’t actually argue with that, but critiquing a meme for its necessarily very short summary of what’s much more fully spelled out in the bill is such a poor example of that point that it’s not making a good case for your literacy, either.
An idiot made the meme because he or she is too stupid to know the difference between price and cost.
Good luck!
@JohnGritt concept conflation is often used to obscure wishful thinking. In this case, truly lowering the “cost,” —since the actual production cost of synthetic insulin is relatively de minimus here— would involve in turn tackling more complex issues like IP reform and lowering entry barriers for true competition. But with widespread insulin rationing among diabetics leading to a steady trickle of deaths, short term as well as long term fixes are called for.
Congress spends $6.50 of every $10 on medicine and thus sets a price floor of every procedure, every drug, every test.
Also, if medical bills insurance, wrongly called health care by millions of clueless, had competition rules imposed upon its sellers, thus making such products to be more like car insurance, the prices of insurance would fall.
Combine the two and medicine would be affordable.
There are other minor tweaks, like allowing diagnostic booths to replace medical doctors for diagnosing common colds, bronchitis, etc.
Conflating cost for price is a picture-perfect example of imprecision.