> How about profit caps?
Transfers wealth from shareholders, patients and taxpayers to management, bankers and intermediaries.
Broadly speaking, caps are stupid—akin to treating liver enzymes directly when they spike versus seeing them as the sign of deeper problems.
I think that's a great metaphor for the situation, when you get a patient running a 105 fever you put them in an ice bath and then consider what underlying problem is ailing them.
You do the first part so they don't die before the long-term treatment kicks in.
Correct. Caps are fine as a short-term measure.
In the long term, they’re putting a patient running a fever on immunosuppressants. The fever will go. But the patient will die.