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Price Versus Cost

October 21, 2009

A lot of the headlines on health care give part of the picture by destroying the concepts of price and cost as though they are the same.

They are not and as the Obama plan gains focus it is clear the government seeks to get a good price for individuals without lowering costs-impossible.

The most famous plan is to cut Medicare by $4-500 billion to lower the cost of health care. The government forgets to understand when they reduce the fees paid to providers to lower costs end up having a higher price for  the individual.

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