Massachusetts Governor Deval Patrick announced this week he has had enough of rising health care costs.
So he is proposing a novel solution: make them illegal.
Well, it’s not fair to call this idea “novel.” Governments have tried price controls for 40 centuries. And even though they don’t work, they keep trying. The explanation isn’t complicated. It’s an easy way for a politician to seem to do something about rising prices. In this case, it won’t do much about the underlying problem, but it is a terrific way for a governor to look like a man of action. Read more »
*This blog post was originally published at See First Blog*