In: Economics
President Clinton's health care reform plan used price controls as one of its basic means of controlling spending. The controls included fee schedules in the fee-for-service sector, limits on the absolute level of health insurance premiums and their allowable year-to-year increases, and perspective budgets for regional health alliances.
Research the case for and against price controls in medical care. Under what circumstances will they work? Do these circumstances exist in the United States?