Massachusetts Caps Healthcare Costs

Thursday, August 02, 2012

Whether Mitt Romney likes it or not, Massachusetts has been at the forefront of the healthcare debate since it introduced a universal coverage system. But earlier this week, the Massachusetts state legislature may have done something even more unheard of in modern America — it enacted a law that caps the price of health costs.

The plan says prices must stay level with the state’s overall economic growth for the next five years, and limits it even further after 2017.

Glenn Cohen talked us through the Supreme Court's complicated healthcare ruling, so a little 340-page bill is nothing to him. He’s an Assistant Professor of law at Harvard, and the Co-Director of the Petrie-Flom Center Health Law Policy.

Guests:

Glenn Cohen

Produced by:

Brad Mielke

Comments [2]

Charles

Geeze, why didn't we think of this before? We could get legislatures to cap the prices of things like gasoline or steel, too. Personally, I like the idea of capping the price of diamonds. If we cap the U.S. price of diamonds below the world market, we could turn around and sell diamonds to the rest of the world and make some money on the difference! Pretty cool idea, eh?

I had no idea that economics could be so easy.

Aug. 02 2012 01:08 PM
dlm

Gee, one problem with this bill - slavery is outlawed. Those crazy doctors who want to make a profit after 8 years of medical school and years interning. Everyone is predicting a doctor shortage, are we going to start mandating a certain percentage of students into medicine?

Aug. 02 2012 09:19 AM

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