“God’s Work” Not Immune from Economics

Intervention into markets produces unintended consequences. The price controls of Medicare and Medicaid have been affecting medical practitioners for years.  According to Mish, Medicare is now imploding: “Doctors losing money doing “God’s Work” in Medicare, are tired of the losses. Many refuse to take new patients. Others have thrown in the towel altogether.”

Whether it is rationing by price or rationing by “Death Panels,” the end result is the same – less and lower quality medical care.

Can’t you just wait to see the “improvements” that Obamacare brings?

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