Obama’s Rate Regulator Draws Objections
“At the heart of President Obama’s drive to rein in health costs is a proposal for federal review and regulation of health insurance premiums, with a new agency empowered to block excessive rate increases…. The proposal has great political appeal. But experts see a serious potential problem: Federal officials will focus on holding down premiums while state officials focus on the solvency of insurers, the ultimate consumer protection. Economists say that holding down premiums does not necessarily hold down the cost of care, which reflects the prices charged by doctors and hospitals and the volume of services.” (New York Times, Tuesday)
This just scratches the surface.
FEE Timely Classic
“Freedom of the Price” by Dwight R. Lee
Comment by Jeff on 9 March 2010:
Price controls for consumers are not costs controls for businesses.
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