Tuesday, August 14, 2012
As industry moves from mass production to mass customization, our soviet style PPACA attempts mass production, ignoring individuality. Using price controls and central planning the Soviet Union imploded under the weight of its own bureaucracy. Instead of promoting individuality and rational pricing using health savings accounts and high deductible insurance the PPACA uses Soviet like price fixing, central planning and rationing in a failed attempt to control costs. In no other field is individuality and judgment more important than in medicine. A centralized bureaucratic system will not work.
Posted by Dr. Kenneth Fisher