October 17, 2009

THE ONLY WAY TO REDUCE MARKET FORCES AND STILL LOWER PRICES...:

'Reform' no one wants to pay for (MICHAEL BARONE, October 17, 2009, NY Post)

The legislative process can also be a learning process, and as Congress considers health-care legislation -- the latest act being the Senate Finance Committee's vote in favor of Chairman Max Baucus' bill, or "conceptual language" -- we've been learning something useful. It's that legislators would like to provide generous, even gold-plated health-insurance coverage to almost all Americans, but that no one wants to pay for it. [...]

We may be in the process of learning something else. Which is that insurance coverage that further insulates patients from costs results in unanticipated increases in health-care spending. Yes, it bends the cost curve, but in the wrong direction. That's what has happened with the much-praised Massachusetts system.


...is to deny access to the subject goods and services.

Posted by Orrin Judd at October 17, 2009 6:19 AM
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