Regulations make insurance unaffordable
Health care regulations cost Americans $169,000,000,000 per year
and make health insurance unaffordable for over 7,000,000 citizens,
argues an assistant research professor at Duke University, Raleigh,
N.C. The costs of health care regulations outweigh the benefits
by two-to-one and induce more deaths each year than the Institute
of Medicine estimates are caused by a lack of health insurance.In
"Health Care Regulation: A $169 Billion Hidden Tax," Christopher
J.
Conover charges that health services regulations cost the average
household an estimated $1,546 and roughly one out of six of the
average daily uninsured owe their plight to excess regulatory costs.
"Americans would be better off taking their chances on less
regulation and instead saving 22,000 lives for certain by keeping
[the $169,000,000,000] in the hands of consumers, thereby enabling
them to purchase safer products--cars, homes, etc.--or to make other
investments to improve their health.
"He suggests that the most promising target for regulatory
cost savings is medical liability reform, maintaining that system
imposes costs of $113,700,000,000 but provides benefits amounting
to just $33,000,000,-000. Conover adds that other ways to reduce
excess costs would be to deregulate the Food and Drug Administration,
health insurance (e.g., continuation-of-coverage impositions and
mandated health benefits), and health facilities (e.g., accreditation
and licensure).
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