3 ms·

Would you say setting a single government-mandated price for goods, services or currencies has worked very well in the past?

• conductr 7y ago
  So, this is a simple idea not fully thought out. But you’re point is hollow. Democracy has failed many places, do we give up our way of government? In the context of healthcare, using the current Medicare system as a proxy. Yes, it mostly works. CMS sets prices, generally based on what things should cost with a reasonable margin, and in general Medicare patients are receiving quality care. Beyond that I don’t have much knowledge. I’m sure you’re referencing some examples of fixed corn prices and how it resulted in shortages or something like that. Which may be valid. However, I think you could get creative and build some pricing models that were much more effective than a fixed price. Or, the minimum government involved way, would be to simply mandate that payors of all types are billed and pay the same amount for same services. Then the market is responsible for compliance. Either way, the way to get ahold of healthcare is on price. The only reason Medicare for all has any legs is because Medicare is known for controlling price. But the downside is government becoming the administrator. I’m just saying there’s other ways to focus on price and the government could help through legislation.