The Effects of Anti-Free-Market Healthcare

Friday, September 28th, 2012 and is filed under News, Obamacare

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We’ve spent a lot of time in these pages showing how government interventions into healthcare have distorted the market and arbitrarily raised the cost of providing healthcare and health insurance.  But there is a more serious problem as well.  The lack of free market healthcare has reduced access to healthcare, driven out the best talent from the medical field, and will eventually lead to rationing.  Here is an illuminating survey of current doctors conducted by the Physicians Foundation (via Ben Domenech’s Transom):

-52% of physicians have already limited the access of Medicare patients to their practices or are planning to do so.
-26% have already closed their practices to Medicaid patients.
-More than 50% of physicians will cut back on patients seen, will switch to part-time, switch to concierge medicine, or retire within the next four years.
-62% believe Accountable Care Organizations (ACOs) are either unlikely to increase healthcare quality and decrease costs.
-59% say PPACA has made them less positive about the future of healthcare in America.
-57.9% would not recommend medicine as a career to their children or other young people.
-Over one third of physicians would not choose medicine if they had their careers to do over.
-77% percent are somewhat pessimistic or very pessimistic about the future of the medical profession.