So, there was this ethical issue that came up the other day.
The need to make a strictly business versus a moral decision.
Would you let a man die rather than lose (significant) money?
It is often said that business cannot be run successfully on sentiments. A business is set up to MAKE money, not LOSE it .
Based On The Hippocratic Oath, Should A Hospital Really Allow A Man Die Due To Money Consideration?.
I am reminded of a similar situation in a hospital where a man was left to die because money could not be procured by relatives to buy urgently needed pints of blood despite the hospital being equipped with a blood bank.
Hospitals are businesses like any other business, but i am somewhat ambivalent as to where exactly a line needs to be drawn between hard nosed capitalism vs humaneness.
Here is a tweet by CNN.
@CNN: Most US transplant centers require patients to verify how they will cover bills that can total $400,000 for a kidney transplant or $1.3 million for a heart, plus monthly costs that average $2,500 for drugs that must be taken for life.
My question is why healthcare issue, which is even more vital than food, costs so much, and is basically unaffordable for mist people in this part of the world.
Without health insurance schemes, how does the average Nigerians afford $400k for a kidney transplant, for example? In a country where minimum wage of 30K Naira is still being rigorously discussed? Would a kidney issues be an automatic death sentence for 99 percent of the population?
Regarding the CNN Tweet, a renowned phrenologist of many years standing in the US corroborated this thus.:
Payment Of Hospital Bills In USA Is A Significant Cause Of Bankruptcy.
Yes;Health is truly wealth
Is medicare so soo costly because demand far outstrips supply, worldwide, thereby, allowing medical professionals capitalize, and charge outlandishly ? Coupled with this is the obscene profit international drug companies are said to be making.
Another US non_medical resident also agreed on the humongous cist of healthcare, when he said,
American is an unfettered capitalist state. Everything is for profit here no matter how immoral it is.
The two things that are the most expensive here are healthcare and education.
While the healthcare system is superior to any other country in the developed world, you pay through the nose for it and education expenses are even worse when you compare it to lifetime wages.
Sound education and health are essential for the wellbeing of any society. Should they be monetized so aggressively?
Recently a similar situation came up.
You have this woman whose elderly father is on admission in hospital and needs some money to kick-start urgent surgical treatment.
She lacks the money.
She therefore approached a business associate / friend who is in the shylock business of money-lending
Now this woman had in the past defaulted badly on a loan, extending a six-month loan payment to over five years, paying haphazardly under intense pressure.
Naturally the money lender wasn’t about to get entangled in another situation where her money gets tied up for extended periods, because time is money. She declined to lend out any money, despite this being a medical emergency.
Eventually, the admitted father died because money could not be raised expeditiously, and of course the relationship between the money lender and the one refused funds to treat her father soured irrevocably.
Question: would /should a business person make use of sentiments when taking business decisions? Should she have been her sister’s keeper, being that this is a matter of ‘life and death’?
What would you do in her situation where capitalism comes in direct confrontation with morality (the money was available)?
With life being irreplaceable while funds are replaceable, would you choose money over the life of another?
For the one who chose money over life, would she choose $100 Million over the life of her own son, for example? Or, all that makes the difference is that the life in question is not hers, or that of someone dear to her?