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October 22, 2009
HHS study: ObamaCare would increase costs
Topics: Political News and commentariesThe latest HHS analysis on ObamaCare shows that far from containing costs, the proposals for health-care reform on Capitol Hill will actually increase costs, thanks to an entirely predictable response from people with new health insurance.
As Ed Morrissey points out at the link:
This should surprise no one who looks at the actual cost problem in American health care. It comes from a lack of price transparency, thanks to an irrational system which has most of the costs paid through third parties. Consumers overuse the system and choose inefficient, expensive options for care because they have no idea of the costs, and providers locked into compensation schedules have little incentive to compete and to innovate. As a result, costs go up as demand increases irrationally, and producers don’t get rewarded for efficiency and excellence.Read it all...
Posted by Richard at October 22, 2009 1:54 PM
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