Wednesday, February 18, 2004
Don't rush into price controls
[Editorial, "Pricing Drugs," The Washington Post, 17 February 2004.]
This editorial from The Washington Post wisely urges caution against legislators looking to price controls on drugs as the answer to rising health care costs:
[B]efore the call for price controls gains too much momentum lawmakers should make sure they've looked at all the options. Governments are notoriously bad at setting prices, and the U.S. government is notoriously bad at setting prices in the medical realm. The Congressional Budget Office has also stated that government interference would have a "negligible effect on federal spending" because the private plans will do just as good a job.
[Richard B. Warner, M.D., "Relief From Health Care Inflation," The Kansas Physician, September/October 2002.]
[Editorial, "Pricing Drugs," The Washington Post, 17 February 2004.]
This editorial from The Washington Post wisely urges caution against legislators looking to price controls on drugs as the answer to rising health care costs:
[B]efore the call for price controls gains too much momentum lawmakers should make sure they've looked at all the options. Governments are notoriously bad at setting prices, and the U.S. government is notoriously bad at setting prices in the medical realm. The Congressional Budget Office has also stated that government interference would have a "negligible effect on federal spending" because the private plans will do just as good a job.
[Richard B. Warner, M.D., "Relief From Health Care Inflation," The Kansas Physician, September/October 2002.]
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