Magazine article USA TODAY

Regulations Make Insurance Unaffordable

Magazine article USA TODAY

Regulations Make Insurance Unaffordable

Article excerpt

Health care regulations cost Americans $169,000,000,000 per year and make health insurance unaffordable for over 7,000,000 citizens, argues an assistant research professor at Duke University, Raleigh, N.C. The costs of health care regulations outweigh the benefits by two-to-one and induce more deaths each year than the Institute of Medicine estimates are caused by a lack of health insurance.

In "Health Care Regulation: A $169 Billion Hidden Tax," Christopher J. Conover charges that health services regulations cost the average household an estimated $1,546 and roughly one out of six of the average daily uninsured owe their plight to excess regulatory costs. "Americans would be better off taking their chances on less regulation and instead saving 22,000 lives for certain by keeping [the $169,000,000,000] in the hands of consumers, thereby enabling them to purchase safer products--cars, homes, etc.--or to make other investments to improve their health."

He suggests that the most promising target for regulatory cost savings is medical liability reform, maintaining that system imposes costs of $113,700,000,000 but provides benefits amounting to just $33,000,000,-000. …

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