Price controls don’t work!

But that’s not stopping the Obama administration from imposing them:

The Obama administration has given the go-ahead for insurers and employers to use a new cost-control strategy that puts a hard dollar limit on what health plans pay for some expensive procedures, such as knee and hip replacements.

I hope that those of you who may need to have your knees and/or hips replaced aren’t in too much pain.  Because the end result of price controls is always a shortage of the good or service that the price control is placed upon.

It’s becoming apparent that the real reason why Obama hasn’t released his college transcripts is because he failed Econ 101.


Categories: Economics, Healthcare, Hmm, Obamacare, Price Controls

Tags: , ,

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