After more than an entire year of inoculating debate on health care, the Democrats managed to pass Obamacare while ignoring the biggest diver of higher health care costs in America: the price controls in Medicare and Medicaid. Last Wednesday’s headline on the Drudge Report, “Regional Walgreens says ‘No New Medicaid,’” reminded me once again that the political mainstream is still oblivious to the elephant in the room.
And no, I’m not talking about John Boehner.
If the government wants to get serious about making health care more affordable, it needs only to look in the mirror. It’s tough to blame insurance companies for all our health care problems when the government controls more of the entire industry (around 50%) through Medicare and Medicaid. Not only do these program deny more people coverage per capita than private insurers, these programs significantly raise costs for everyone.
Medicare and Medicaid pay Walgreens, doctors, and pharmaceutical companies at a rate set by the federal government. This is a form of price controls. The wonderful news is that the Obamacare bill that was rammed through the House last Sunday is going to multiply this practice throughout the entire industry.
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