Price Controls and Health Insurance

I’m quoted in a Fox News piece about Democratic presidential candidate Pete Buttigieg’s health care plan:

Ryan Young, a senior fellow at the Competitive Enterprise Institute, told Fox News that consumers would continue facing high costs even with reduced premiums. on Thursday. “Their lower premiums would not reduce health care costs, either. They would have to be made up for with some mix of higher taxes, increased debt, lower health care quality, slower innovation, and reduced availability. Price controls are not a free lunch,” he said on Thursday.

The article is here. Similar arguments apply to other candidates’ proposals from both parties, which mostly tinker around the edges of a system already mostly built around third-party payments intended to insulate costs.

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