All Commentary
Wednesday, November 4, 2009

Health Bills’ Cost-Cutting Power Is Doubted

“In years past, policymakers tried taming health-care growth with price controls — in government reimbursements and through managed care. The Obama administration has advocated a third way: moving away from fee-for-service payments, which reward providers for doing more procedures, to a coordinated system that pays doctors and hospitals for doing better…. Now, as the debate reaches a critical juncture, many are worried that the president’s ambitious hopes to constrain costs could result in tepid half-measures on Capitol Hill.” (Washington Post, Wednesday)

Central planning by another name.

FEE Timely Classic
“Government Fundamentalism” by David R. Henderson

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.