Saturday 22 January 2011

Best health care political pull can buy

When President Obama signed his health care plan into law, he promised it would foster "choice and competition." Nine months later, Americans can count this as another Big Lie. Obamacare has instead reduced competition in the marketplace for health services.
The New York Times recently reported that Obamacare has spurred a wave of mergers among doctors, hospitals and other providers "eager to share costs and savings, and cash in on the incentives." The Wall Street Journal noted a growing trend of hospitals merging into large regional networks and purchasing physician practices to lock up guaranteed sources of patients. Physicians are increasingly choosing to merge into large groups (or become salaried hospital employees) to lessen the costs of complying with the sweeping new law, such as requirements to adopt expensive electronic medical-record systems.....READ MORE

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