Scott Alexander proposes a hypothetical low-cost psychiatric practice to combat medical cost disease, exploring its potential and the barriers to its implementation.
Longer summary
Scott Alexander explores the idea of creating a low-cost psychiatric practice called 'Cheap-O Psychiatry' to combat cost disease in medicine. He outlines a model that would significantly reduce overhead costs through telemedicine, self-booking, and direct payment, potentially offering appointments for as low as $35. The post discusses why such practices aren't more common, speculating on factors like the shortage of doctor-entrepreneurs, the dominance of insurance in the mid-range market, and the exhausting nature of rapid patient turnover. Scott suggests that such a venture might need to be done as a political protest to demonstrate the potential for cost reduction in healthcare.
Shorter summary