Posts Tagged ‘pricing’
February 15th, 2010 at 8:19 pm
The Folly of Government Reforming Healthcare Pricing

Every once in a while, there is an article so good, it’s almost an injustice to splice any part of it for fear a reader won’t take the hyperlink and read the whole thing. Thankfully, Freedom Line Blog readers aren’t those types, but just to whet the appetite, here is a sample from an op-ed dissecting why government can never “reform” healthcare pricing.

Healthcare prices are fake, inflexible, and inflated because they are set not by the repeated interactions of buyers and sellers but by opaque acts of collusion between government bureaucrats and special interests. Even if this system were run by a benevolent genius who happened to set prices exactly “right” – whatever that means – these prices would be obsolete the moment they were published.

I don’t know the author, Bill Frezza, but I wish I did. A hat tip to you, Sir.