The idea that fiduciary responsibility is responsible for high costs is ridiculous.Some of us have actually taken economics classes. Perhaps seek out some of your own disingenuous advice.
Do you even know what that is?
Do you know what fiduciary responsibility prevents a CEO from doing?
Do you know why ESG scores were even created?
Let me help you.. They are actually there to circumvent fiduciary responsibility.
A big reason why are in the mess we are in right now is individuals trying to get around fiduciary responsibility.
Medicine in particular is highest regulated industry that exists.
Look at the difference in costs between veterinary care and medical care (for humans)... Most of that difference is due to regulation.
A surgery that's 5k from a vet but 150k in a human is largely due to regulatory differences in the industry.. Not due to fiduciary responsibility or any healthcare CEOs.
You can treat lymphoma in a dog (just random example) for like 5-10k on average and costs run into 200-300k+ for a human..
Thats like 90% due to differences in regulations.
That the government.. Not healthcare CEOs or "fiduciary responsibility".