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I want to believe this is all driven by nothing more than greed, bureaucratic group-think, and incompetence; followed by epic ass covering. The darker conspiracy theories are too disturbing to me. They also require a level of institutional competence that is not observed in any other context.

However, there is one theory that I find somewhat credible. The medical establishment wants to make us all more dependent on medical services to stay alive. In other words, they want to role out "subscription based" health care, kind of like subscription based software like Office 365 and Quickbooks. Karl Denninger, also a level headed guy, thinks this is plausible explanation for all of this.

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The only problem with that theory is that subscription medicine is being successfully practiced several places in the US. It is also called concierge medicine and if properly managed can be cheaper than what we have now. Why you might ask. My answer is that a lot of the cost of medical care is inefficiency of the system. Subscriptions paired with insurance for catastrophic accidents and illness don’t need all of the billing overhead and so is generally cheaper while affording the Physician comparable or higher earnings. The subscriptions I have heard of can be between $50 and $100 per month.

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