As we segregate by income into different communities, schools in lower-income areas have fewer resources than ever.
Robert ReichRead
Medical costs are soaring because our health-care system is totally screwed up. Doctors and hospitals have every incentive to spend on unnecessary tests, drugs, and procedures.
Interpretation
What this quote means
The quote critiques the health-care system for its inefficiency and financial burden.
Robert Reich highlights the problems within the health-care system, pointing to how it leads to exorbitant medical costs. He argues that the motivations of healthcare providers are often misaligned, resulting in excessive expenditures on unnecessary medical services and products, ultimately harming patients financially and compromising care quality.
Themes
HealthcareCostDoctorsIncentivesMedicalReform
In practice
Example use cases
In a discussion about health-care policy reforms at a conference.
More from Robert Reich
All quotes βWhat are called 'public schools' in many of America's wealthy communities aren't really 'public' at all. In effect, they're private schools, whose tuition is hidden away in the purchase price of upscale homes there, and in the corresponding property taxes.
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What someone is paid has little or no relationship to what their work is worth to society.
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Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.
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The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.
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You can't inspire people if you are going to be uninspiring.
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