Thursday, March 6, 2014

TRANSPARENCY

Despite what those T-shirts say, old men don't rule. It's the pharmaceutical and banking industries that rule. http://www.bloombergview.com/articles/2014-03-06/spare-me-your-transparency-please

And it's not just New York surgeons picking the healthier candidates to keep their mortality and mistake rates low; it's medical practitioners across the board everywhere. How many practitioners you think look forward to treating diabetics, many who are on three or four diabetic medicines a day?


Diabetics heal slower, get infections easier and often suffer amputations. DM is a nasty vascular-neuro-toxic disease. Listing calories on labels is akin to the seat belt law. Yea, it saves a few more lives, but studies show people because they feel safer drive more recklessly or, to put it kinder, spend more time driving beyond their actual driving skill.


And then there's the running-a-red-light-camera-at-every intersection fiasco. In California where violators can opt for traffic school to show their contrition, it became common price for offenders to compare their fines. The variation in those prices exceeded what one often sees on a slow day at NYSE.


"Dallas Buyer's Club," the movie two actors won academy awards for, had it correct: the FDA and big-pharma are two of your worst nightmares. Transparency is just another ploy to keep the rabble from getting too restive.


Now that's your real nightmare.

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