Competition in Health Care? Regulators shut down $79 per month Medical Group.
Article: State Slaps Dr. Do-Good, NY Post
Dr. John Muney offers his patients everything from mammograms to mole removal at his AMG Medical Group clinics, which operate in all five boroughs."I'm trying to help uninsured people here," he said.
His patients agree to pay $79 a month for a year in return for unlimited office visits with a $10 co-pay.
But his plan landed him in the crosshairs of the state Insurance Department, which ordered him to drop his fixed-rate plan - which it claims is equivalent to an insurance policy.
"I'm not doing an insurance business," he said. "I'm just providing my services at my place during certain hours."
So, here is real innovation in providing affordable health care. And what stands in the way? Government Regulators. This underscores a very important detail in the debate about the "lack of competition" in the health care market. If you dig at all you find instance after instance of Government intervention aimed at homogenizing this market. The real reason there are so little choices are that our governments make this illegal.
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