Sunday, February 9, 2014

More on Government Regulations

Here is a great article providing some economic analysis on the impact of Government regulations upon the Health Care sector in the United States Economy. Here is an excerpt from this article titled, "How Government Regulations Made Health Care So Expensive" :

"The lack of competition between hospitals and other health care institutions also limited cost control incentives placed on executives.  The lack of competition between both medical institutions and the doctors that control most of their spending could explain why hospital costs have been inflating twice as fast as even physician fees.  Hospitals are loaded with waste and inefficiency.  For example, a hospital stitch costs more than $500 today."

Yet, we are told that regulations benefit the citizens. What?

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