From an economic standpoint, does it make sense, for example, that a physician would prescribe the most expensive diabetes supplies to a Medicare patient instead of a subbstantially less expensive, “generic brand?”

Of course it does, from a profit maximization standpoint.

But does it from a human and “satisfycing” standpoint?

Worse, why should these supplies (except insulin) be available only by prescription?

Probably it is the fear of a lawsuit, rather than a true medical reason that prompts such incomprehensible bahavior.

The nature of the AMA, a protected and virtually untouchable union, certainly believes in maximizing its members profits. It clearly restricts the supply (as all union do) in face of a steadily growing demand, forcing prices high and higher.

The federal government does nothing to combat this trend.

Insurance companies, on the other hand, actually perpetuate and sell on the strength of the principle of “moral hazard,” looking for continually higher profits.

The medical community clearly has a specific outlook on human nature … and profits!