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Instead of price controls we should stop giving hospitals veto power over competitors opening up. Our regulations have been encouraging consolidation, but incum
by jeffbax 8y ago
Instead of price controls we should stop giving hospitals veto power over competitors opening up. Our regulations have been encouraging consolidation, but incumbent hospitals generally have the right to say "no, you don't need another hospital in this municipality" and block competitors.
Additionally we should let in far more trained immigrants who are perfectly good at medicine and lower the credentials required to be a GP. The typical doctor in the USA has to go through 3 more years of school than those elsewhere to little gain in outcomes.
Medicines problem is a lack of markets, legislating what places can charge won't fix the underlying issues as much as breaking the hospital and labor monopoly will in the long run.