Here’s how we got here. As now infamous MIT economist and Obamacare architect, Jonathan Gruber told us, “The real substance of cost control is all about a single thing: telling patients they can’t have something they want. It’s about telling patients, ‘That surgery doesn’t do any good, so if you want it you have to pay the full cost.’”
Gruber is stating here what free market economists have warned us about for centuries: you can only allocate resources (i.e. medicine, a doctor’s time) in one of two ways, put a price on it, or ration it. That’s it, there’s no other way in a world of scarce resources. And with free-market prices we create incentives for competition and real cost control.
Read more at http://deneenborelli.com/2015/01/obamacare-self-destructing/#j9ahmx1VXSOJjSvU.99
My God, death panels.