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    Market Pricing, Solving Problems

    In medical care, you have to get the diagnosis correct. But if you want to solve the problem, you’ve also got to get the treatment right. At the Vox website recently, reporter Sarah Kliff posted a blog titled: “Our Health Spending Problem is All About Prices.” That diagnosis is only … More

    Kathleen Sebelius: The Insurance Industry’s “Big Sister”

    As the Administration gears up to sell Obamacare to the American people, it’s also gearing up its regulatory apparatus to strong-arm private companies. The Hill reports that even though the Department of Health and Human Services (HHS) previously claimed that it would not try to negotiate rates with insurance companies, … More

    Latin America: If You Want to Lower Inflation, Avoid Price Controls!

    The recently reelected president of Ecuador, Rafael Correa, wants people to know he is determined to fight inflation through combating “speculation.” A noble goal, to be sure. But the weapons chosen for that battle by President Correa—a PhD economist trained at the University of Illinois—actually will doom his anti-inflation campaign. … More

    How to Fix the Medicare Physician Payment Problem

    The congressional formula that determines the annual Medicare payment update for physicians, the sustainable growth rate (SGR), was supposed to cut Medicare doctors’ pay each year starting in 2002. But that congressional formula is so flawed and unworkable that every year since 2003, Congress has stepped in to stop it … More

    Saving Medicare: New Legislation from Retiring Congressman Herger

    Retiring House Ways and Mean Health Care Subcommittee chairman Wally Herger (R–CA) has introduced the most complete and detailed major Medicare reform proposal in a decade. Herger leaves a rich legacy with the Save and Strengthen Medicare Act (H.R. 6645). The bill moves Medicare to a defined-contribution model with competition … More

    After the Hurricane, a Supply Crisis from Price Controls

    In the wake of the devastation wrought by Hurricane Sandy, storm victims are also suffering from a New Jersey state law that prohibits businesses from raising their prices more than 10 percent “within 30 days of a declared state of emergency.” Despite the intentions of New Jersey legislators, laws intended … More

    Ten Don'ts for Our Government on Gas Prices

    As gas prices in the United States continue to soar, policymakers in Washington are eager to point fingers and offer solutions. Most of the ideas are not new, and some are certainly much better than others, but they will inevitably be part of the debate. As legislators turn their attention … More

    Obamacare: The Price Controls Begin

    The Department of Health and Human Services announced Tuesday that, starting next year, health insurance companies must receive permission from the Obama administration before they can raise rates higher than 10%. As we warned before Obamacare even became law, this is a form of price control, a government intervention that … More

    Nanny State Goes to College

    The Department of Education (DOE) has proposed new rules for accrediting colleges and universities, including expanding the power of states to authorize higher education institutions, definitions of what constitutes a “credit hour,” and de facto price controls through measures to ensure graduates’ “gainful employment.” According to the Council for Higher … More

    The President's Health Proposal: Bringing Back Price Controls

    In preparation for the Health Care Summit, President Obama unveiled his first official health care proposal. It is intended to reconcile the differences between the  highly unpopular House and Senate bills. Curiously, President Obama’s latest iteration of the liberal health policy agenda includes more federal power: the power to control … More