Patrick's Price Controls
'This is sort of similar to the bill that Mitt Romney, the Republican governor and now Presidential candidate, passed in Massachusetts," President Obama said in a recent interview defending his national health-care plan—and few disagree, Mitt Romney excepted. So the Massachusetts preview of ObamaCare is all the more instructive after this week's imposition of de facto price controls on its remaining private insurers.And so far the upshot and result of such a plan?
Your Massachusetts Future
OCTOBER 14, 2009
Meanwhile, Massachusetts is offering a preview of where all this will end up. The state passed a prototype for ObamaCare in 2006 on the same cost-control theory as Senate Finance, only to see spending explode. So now Beacon Hill is contemplating far more drastic spending-control measures, such as a plan to "require residents to give up their nearly unlimited freedom to go to any hospital and specialist they want," as the Boston Globe reported on Sunday. Paul Levy, the CEO of Beth Israel Deaconess Medical Center, told the Globe that "You can't reap these savings without limiting patients' choices in some way."Massachusetts now has the highest premiums in the country, and now the situation in Massachusetts is so fiscally horrible they are going to try price controls. Price controls don't work. They never have, they never will. Chavez uses price controls. The Russians use price controls.
I hope you are happy.