Medical Care Confusion

“Politicians can throw rhetoric around about ‘bringing down the cost of health care’ or they can even throw numbers around. But the numbers that politicians are throwing around don’t match the numbers that the Congressional Budget Office finds when it analyzes the hard data. An old advertising slogan said, ‘Progress is our most important product.’ With politicians, confusion is their most important product. They confuse bringing down the price of medical care with bringing down the cost. … Nothing is easier than for governments to impose price controls. They have been doing this, off an on, for thousands of years — repeatedly resulting in (1) shortages, (2) quality deterioration and (3) black markets. Why would anyone want any of those things when it comes to medical care?” –Hoover Institution economist Thomas Sowell

Advertisement