The Villains Behind Our Medical Supply Shortages…
It's been 18 months since the pandemic started. Why are we *still experiencing* shortages in basic medical supplies? Look at a series of monopoly middlemen in hospital buying for the answer.…
The shortage problem in health care wasn't caused by Covid. Medical personnel have been seeing shortages for years. Here's one reader.… Image
The medical buying cartel is so bad that the firms involved, called Group Purchasing Organizations, actually direct bribes to hospital executives in return for adhering to their sole supply agreements. That's why new suppliers can't enter the market.… Image

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Matt Stoller

Matt Stoller Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @matthewstoller

29 Sep
Hearing on nitty gritty laws that allow pharmaceutical firms to keep prices high via anti-competitive practices.…
These members don't understand product hopping. The scheme is that when a doctor writes a prescription, a branded drug can only be substituted with an identical generic that’s the same dosage form. The new product intentionally screws that equivalence up.
So @DarrellIssa @RepDanBishop et al understand non-drug patents, but Hatch-Waxman creates a special drug patent process to move to generics. They are right the FDA and patent office should stop allowing all sorts of nonsense patents though.
Read 4 tweets
27 Sep
"Public opinion polling found majorities, ranging from 54 percent of Poles to 83 percent of Austrians, affirming that if there were a conflict between the United States and China, they would choose to actively support neither."

This is not an alliance.…
Europe has no effective military forces, they don't want to align with the U.S. economically, they aren't poor and threatened by Soviet armies. What's the rationale for the U.S. committing resources to European defense?
The current relationship between the U.S. and Europe is dysfunctional. By shielding Europe militarily and economically, the U.S. incentivizes Europe to under-project power, which is as dangerous as over-projecting it.
Read 4 tweets
23 Sep
Here’s Merkel praising China’s totalitarianism and attacking democracy. We can work with European countries where it makes sense, but it’s time to come to grips with Western Europe being in China’s sphere. Democracy has lost its legitimacy in Europe.
After reading this I can’t see how NATO is viable without significant restructuring. The US needs to have a hard conversation with our allies about whether they want access to our markets and defense umbrella.…
I spoke in Germany a few years ago at a political conference and the normies in the audience asked Chinese speakers tough questions on human rights. The German political elites were offended that their own people were so rude.
Read 4 tweets
22 Sep
It's concentrated capital that's suppressing wages and causing shortages, not the flow of people. A pro-worker society requires having pro-production policies. Neither party has those yet.…
The conservative framework of 'let's stop immigration so that wages will go up' conflicts with 'how come no one wants to work at low wages?!?'
It turns out we have this thing called a government, and it can do stuff. Right now it does stuff like enforce contracts that 30 million Americans had to sign forcing them to stay at their jobs instead of getting higher wages.

It could do other stuff tho.
Read 4 tweets
21 Sep
1. A lot of people are getting really freaked out by shortages. And they should be. But so far, no one has proposed answers. That's starting to change.…
2. The shortages we're seeing were predictable, and I (among others) predicted them. This is because the supply chain problems have been obvious for decades.…
3. What is the problem? In short, we stopped caring how we make and distribute stuff. Since the 1970s, policymakers allowed relentless cost-cutting in the name of efficiency. That has meant in practice lower pay, fewer production lines, more monopolies.…
Read 15 tweets
21 Sep
It's nearing time for the U.S. to basically lay out conditions for continuing NATO. Enough of this dance where Europeans get super pissy at us for paying for their defense while they coddle China. Either we're allies, or we're not.
I've never had such contempt for European strategists. It's just remarkable. They know that Biden is the best American partner they will ever have, but their bureaucratic sloth and constant searching for fake unity means they cannot act to concede anything.
This @andreaskluth oped on Europe's own internal problems is right. There's a reason no one takes Europe seriously.…
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!