From the middle of the 19th century until the 1970s, about every serious health reform in the United States was due to the efforts of organized medicine. The American Medical Association, along with state and county medical societies, had a single, focused objective: replace a relatively free market for medical care with a cartel, fully protected by government regulation in every market that affected the economic wellbeing of doctors.
Whatever you think of their goals, you have to admire their methods. As I showed in Regulation of Medical Care: Is the Price Too High?, organized medicine understood economics and they used rational economic thinking in pursuit of all their political goals.
|John C. Goodman is a Senior Fellow at the Independent Institute, President of the Goodman Institute for Public Policy Research, and author of the widely acclaimed Independent books, A Better Choice: Healthcare Solutions for America, and the award-winning, Priceless: Curing the Healthcare Crisis. The Wall Street Journal and the National Journal, among other media, have called him the Father of Health Savings Accounts.|
Obamacare remains highly controversial and faces ongoing legal and political challenges. Polls show that by a large margin Americans remain opposed to the healthcare law and seek to repeal and replace it. However, the question is: Replace it with what?