Government Ignores the True Cost of Medical Care From: Human Events | Date: May 10, 2004| Author: Sowell, Thomas | Copyright Human Events Publishing, Inc. May 10, 2004. Provided by ProQuest LLC.Copyright information

If you ask most people about the cost of medical care, they may tell you how much they have to pay per visit to their doctor's office or the monthly bill for their prescription drugs. But these are not the costs of medical care. These are the prices paid.

The difference between prices and costs is not just a fine distinction made by economists. Prices are what pay for costs-and if they do not cover costs, history shows the supply is going to decline in quantity or quality, or both. In ...

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