Price controls have never worked, rather, in countries where such controls have been imposed, patients endure waits of months or years for surgery, are denied access to specialists, and face other obstacles to care. Any health care system predicated predominantly on cost containment will contain perverse incentives that will undermine quality and the physician's duty to act in the best interest of his or her patients.
Lonnie R. Bristow, MD Chairman of the Board of Trustees of the American Medical Association, commenting on American Health Security Act of 1993 and its use of global budgeting to regulate private insurance.
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