I’ve known that George Bernard Shaw had a thing or two to say about conflicts of interest in the medical profession, about how doctors have a direct pecuniary interest in providing you with services (for which they charge a fee) rather than in keeping you well (in which case they don’t).
GBS was an early pundit on the problem that now goes by the name of asymmetric information. Nevertheless I hadn’t been prepared for such a blast from his first para.
It is not the fault of our doctors that the medical service of the
community, as at present provided for, is a murderous absurdity.
That any sane nation, having observed that you could provide for
the supply of bread by giving bakers a pecuniary interest in
baking for you, should go on to give a surgeon a pecuniary
interest in cutting off your leg, is enough to make one despair of
political humanity. But that is precisely what we have done. And
the more appalling the mutilation, the more the mutilator is paid.
He who corrects the ingrowing toe-nail receives a few shillings:
he who cuts your inside out receives hundreds of guineas, except
when he does it to a poor person for practice.
Read a whole lot more if you want here.