The Public Interest

Containing medical costs: why price controls won’t work

William J. Baumol

Fall 1988

MEDICAL CARE, like higher education and many other vital services, has become steadily more expensive in recent years. The rising price of medical care constitutes a serious social problem, particularly in its effects upon the less affluent. A commitment by senior policymakers to find a rational and effective solution is urgently required.

Download a PDF of the full article.

Download

Sign-in to your National Affairs subscriber account.


Already a subscriber? Activate your account.


subscribe

Unlimited access to intelligent essays on the nation’s affairs.

SUBSCRIBE
Subscribe to National Affairs.