Economist Thomas Sowell writes, “If you think the government can lower medical costs by eliminating ‘waste, fraud, and abuse,’ as some Washington politicians claim, the logical question is: Why haven’t they done that already?”
In fact government price controls of health care are the real problem. Price controls go all the way back to the Romans and Babylonians, and they always produce black markets, shortages, and quality deterioration, Sowell explains.
