UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: erikinthered100 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4333  
Subject: Denial of Care Date: 10/2/2012 12:02 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Here's a good article about how government denies medical care through central planning. The article specifically discusses "certificates of need (CON's)"

http://reason.com/archives/2012/09/26/denial-of-medical-choi...

CON's are basically a method that many states use to restrict the supply of health care. A CON is a permit that must be acquired from the state before a new health care facility is built, a healthcare facility is expanded, a new lab is built or new imaging machines (CT's and MRI's for instance) are bought. The idea is that the state can control health care costs by limiting the supply of health care facilities.

Of course, it's plainly obvious to any economist that limiting supply through central planning has the perverse result of inappropriately limiting supply and driving up the price. The decisions are predictably often driven by politics rather than the best interests of patients(I personally know of one example where this occurred). Even in the best case, the policy causes huge delays and adds significant costs. Sometimes, an application can be delayed for months if one signature is missing.

CON's are a microcosm of what is likely to occur on a larger scale through Obamacare. The Independent Payment Advisory Board ("death panel") appears to be the main tool that will be used. But I suspect there are other ways the two thousand page law will deny care.

dave
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement