Healthcare and the Need for Regulation

Via Jim Satterfield:

The New York Times reports on an investigation by New York state AG Andrew Cuomo that has uncovered what appears to be a rigged system to determine the “reasonable and customary” rates charged by health care providers.

Personally, I think medicine is one area that should be “socialized.” But even if you disagree, its hard to find a “free market” with no regulation produces the textbook result. There’s a reason Clinton and Carter did the best job of keeping down the increase in healthcare costs among post WW2 presidents.