Economic Law Of Gravity
The allocation of scare resources.
That’s economics as defined by Thomas Sowell.
And doctors are scare resources – people that have skills that are in demand. And the demand results in a cost. And if that fact is ignored – as is often the case in DC – trouble will ensue.
In this case, the trouble will be that people who have purchased an insurance plan are going too find out that their choice of doctors is limited, sometimes severely:
Some 70% of new plans under the health law offer relatively narrow networks compared with many current plans, according to a recent report by McKinsey & Co. The consulting firm found that plans with smaller choices of hospitals had significantly lower premiums than similar plans offering a broader choice.
And why are we facing this problem?
Because the new law is forcing insurance companies to insure everyone, independent of pre-existing conditions on top of prohibiting them from charging more for demographics that then to have higher medical bills.