Tuesday, March 9, 2010

 

In a great piece on health care, Thomas Sowell reiterates one of his favorite points:
The confusion between lowering costs and refusing to pay the costs can have a real impact on the supply of doctors. The real costs of medical care include both the financial conditions and the working conditions that will ensure a continuing supply of both the quantity and the quality of doctors required to maintain medical-care standards for a growing number of patients. . . .

Paying doctors less and hassling them more may be some people’s idea of “lowering the cost of medical care,” but it is really just refusing to pay the costs — and taking the consequences.