Over at The New Republic, bioethicist Daniel Callahan and surgeon Sherwin Nuland argue, “The only reliable way of controlling [health care] costs has been the method used by most other developed countries: a centrally directed and budgeted system, oversight in the use of new and old technologies, and price controls.” Reason Science Correspondent Ronald Bailey argues that this prescription has actually been a major cause of spiraling health care costs and suggests trying something we know works in other areas of life—competition in markets.
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