Sunday, February 14, 2010

If medical care costs "too much" easy fix is price controls?

The Massachusetts health care plan facing costs greatly in excess of previously advertised ( fantasied?) cost projections can be fixed, according to a proposal by the governor of Mass. The answer is government controlled prices.See here for a new report on that development.

Wage and price controls predictably leads to several things:
poor quality, shortages and black markets.

The Medicare price controls have lead to the first two in regard to primary care.See here for an earlier rant on how price controls has worked out in regard to Medicare.

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