By E. Thomas McClanahan, Kansas City Star Editorial Page columnist
A government report made public over the weekend says the proposed Medicare and Medicaid cuts in the health care bills would be a huge hit for doctors and hosptitals. As a result, many would stop taking patients under those programs. The headline on the story: "Report: Bill would reduce senior care."
Backers of reform have denied that reform will force rationing, but there it is: Some people are going to have a tougher time getting care even though they're "covered" by government entitlements.
The report is by the chief actuary for the Centers for Medicare and Medicaid Services, which runs those two programs. Basically, it expresses concern that our health care system wouldn't be able to handle the load when 30 million are added to the ranks of the uninsured.
Economist Greg Mankiw points out that this was entirely predictable:
Let's review some basic principles of supply and demand: If a government policy increases the demand for a service, the price of that service tends to rise. If the government prevents prices from rising, shortages develop. The quantity provided is then determined by supply and not demand. In the presence of such excess demand, the result could be a two-tier market structure. Consumers who can somehow pay more than the government-mandated price will be able to purchase the service, while those paying the controlled price may be unable to find a willing supplier.









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Obama's got another problem - America's lender
http://blogs.reuters.com/james-pethokoukis/2009/11/16/china-questions-costs-of-us-healthcare-reform/
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This is exactly what happens every day in business. The lender questions the borrower's decisions on its balance sheet.
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Obama needs to answer their questions and make them comfortable because if they aren't comfortable with buying more debt - bad things will happen!
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Supply and Demand??? That term no longer applies
under socialism. I guess the libs forgot that people (doctors & hospitals) still need to make a profit. I wonder how Pelosi will reconcile that little problem.
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How Dare You twas...
Profit? You should have your mouth cleansed with soap. Doctors and providers don't need a profit under obamacare. the big 0, the messiah, signer of the porkulous bill, will decree profit a crime.
Of course, there is that nagging problem or who in the Hell is paying for all his bullshit programs, isn't there????
less the 12 months of this insanity, less then 36 months of the big 0.
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