Sunday, June 29, 2008

Socialized Medicine Preview

The more government involvement with payments for medical services, the more politicized the process becomes. Look forward to more of this kind of bickering.

On balance, it seems unlikely that the Democratic plan to not reimburse the insurance companies in order to pay the doctors has much of a long term future. After all, costs are costs, and if they are not covered by revenue, businesses will exit that industry.

Additionally, Harry Reid can’t afford to have any bipartisan successes. He’s desparate for gridlock between now and November that he can blame on the Republicans.

If you’re a doctor, the future of President Obama’s commissar having complete control over your business has to be a bit unsettling.

In the era of government medicine, contolling costs will soon become paramount. And the easiest way to do that is through controls on prices, effectively reducing services by driving practitioners from the field.