Monday, August 29, 2011

Health Care Through Free Markets

This is a great idea - let the free market do the job that everyone knows the government can't do - and that is provide health care.

With states in control, Paul Ryan's plan of block grants, the people have a much better chance of getting the health care they want. And the best thing for everyone to know is most people are not idiots, they do care about good health care for them selves and for those that can't provide for themselves.

ObamaCare, get out of our lives!

Physician-Owned Hospitals
A competitive health care market is vital to ensure high quality, cost effective health care for patients. Some of the most competitive participants in the health market in recent years have been physician-owned hospitals (POHs), says Spencer Harris, a health care policy analyst, and Brad Zarin, a research associate, with the Texas Public Policy Foundation.
These facilities provide broad consumer choice, cutting-edge innovation and equipment, high quality of care and high patient satisfaction.
This added competition from POHs has been a wakeup call for some general hospitals, forcing them to innovate to stay competitive.
However, provisions in the Patient Protection and Affordable Care Act (PPACA) have essentially eliminated future expansion of POHs.
By effectively removing this competition from the marketplace, access to high quality health care for patients will be diminished.
The prohibition in the PPACA against physician-ownership of hospitals removes a clear source of competition to non-physician owned hospitals. As a result, the law constricts the economic effectiveness of the physician-owned facilities. Just as the free market has served us well in so many other sectors of the American economy, so free market solutions should remain a major force for more effective delivery of health care services as well, say Harris and Zarin.
Source: Spencer Harris and Brad Zarin, "Physician-Owned Hospitals," Texas Public Policy Foundation, August 2011.

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