Posted by
daddontsk8 on Wednesday, July 15, 2009 4:51:51 PM
There is one question that the Health Care Reform debate fails to bring up – what will happen when EVERYONE has health insurance? Simple economics would suggest that prices for medical care will go up dramatically as more people seek out medical services.
But we all know that the engineers of Health Care Reform will not let prices increase. The crafters of HCR will impose price controls on medical services through reimbursement rates. So what happens when demand (and price pressures) go up, but supply remains unchanged?
We only have to look at the gas shortages of the 1970s to predict what will happen to health care.