New Study: Medicare’s Price Controls Are Fueling America’s Growing Doctor Shortage
The Pacific Research Institute’s Center for Medical Economics and Innovation today released a new issue brief warning that continued federal underpayment of doctors is fueling a looming healthcare crisis by accelerating the nation’s physician shortage and undermining access to care. Written by PRI senior fellow in business and economics and CMEI director Dr. Wayne Winegarden, the brief (titled “It’s Time for Medicare to Stop Shortchanging Physicians”) finds that Medicare reimbursement rates are well below market ...
Price Controls Could Prevent the Next ‘Miracle Drug’
The death rate from cancer in the United States has fallen by more than one-third since 1991. HIV-related mortality has dropped ninefold since 1995. Death rates for Alzheimer’s, chronic respiratory diseases, and stroke have all declined in recent years, too. These gains didn’t happen by accident. They’re the result of decades of medical innovation — from antiretroviral therapy drugs to breakthrough cancer treatments — that have helped people live longer, healthier lives. These pharmaceutical breakthroughs ...
Breaking Up ‘Big Medicine’ Won’t Fix What Washington Broke
Washington is gearing up to crack down on “Big Medicine,” with populist Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo., leading the charge. Over the past decade, America’s healthcare system has become increasingly consolidated, leaving patients with higher prices, fewer choices, and more bureaucratic frustration. But before lawmakers swing a scythe through the healthcare sector, they should ask how it became so consolidated in the first place. Read the entire op-ed here.
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