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Line 1: − − == florida university == − − Price controls will reduce innovation and health outcomes. − <big><big>Imagine the consequences if the government capped the salary of doctors at the U.S. median income. With such a price cap, surely many current doctors would conclude that there are easier ways to earn a living. As doctors slowly pursued other opportunities, a doctor shortage would arise. Over time, this doctor shortage would worsen as more young people would be discouraged from entering the field. Ultimately, due to the doctor shortage, the quality of health care would decline. Paradoxically, total health care costs could increase because minor afflictions would likely go untreated, causing them to become more expensive ailments. This logic does not change simply because the price controls are applied to pharmaceuticals, not doctors. If effective price caps were imposed on pharmaceuticals, then current price increases would moderate. The health care system’s underlying problems would only worsen, however. It is also important to note that generic medicines are significantly cheaper in the U.S. compared to the other major industrialized countries. According to Wayne H. Winegarden, total pharmaceutical spending as a percentage of total health care spending is lower in the U.S. (12.2 percent) than the average for the 30 nations that comprise the Organization for Economic Cooperation and Development, or OECD, (16.9 percent). This is due to, in part, the prevalence of generic medicines that are more affordable here than in other OECD nations. </big></big>
User talk:Reevestehsnek (view source)
Revision as of 02:48, November 9, 2018
, 02:48, November 9, 2018Reverted edits by Eafdwefewwef (talk) to last revision by GeeksOnly
{{Welcome}} [[User:GeeksOnly|GeeksOnly]] ([[User talk:GeeksOnly|talk]]) 11:36, 8 November 2018 (EST)
{{Welcome}} [[User:GeeksOnly|GeeksOnly]] ([[User talk:GeeksOnly|talk]]) 11:36, 8 November 2018 (EST)