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Regulation vs. competition.

Authors
Type
Published Article
Journal
Medical group management
Publication Date
Volume
32
Issue
1
Pages
18–22
Identifiers
PMID: 10269473
Source
Medline

Abstract

Must we choose between regulation and competition as the remedy to today's skyrocketing healthcare costs? These two options are not necessarily mutually exclusive, and neither alone can best serve the needs of both the public and the profession. The heart of the current healthcare debate can be more accurately described as a system of individual restraint via the market versus a system of collective restraint arrived at through fixed budgets. Upon close examination of both viewpoints, it becomes apparent that a system in which regulation and competition coexist may be the best alternative in the long run for containing and redirecting total national healthcare expenditures.

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