WHen you limit price you increase demand and decrease supply, leading to shortages. This is Econ 101, a subject Democrats seem to have flunked.
Why does anyone think Obamacare will somehow repeal laws of economics?
More Doctors Steer Clear of Medicare - Yahoo! Finance
The folks who cite "Econ 101" apparently never got to second semester Econ 102. Medical economics is a lot more complicated that the lemonade-stand rules of supply and demand.
For starters, medical care is "price inelastic." Then there is the complicating factor that most major medical bills are paid by a third party, whether private insurance or a government program.
On top of that, medical practice is being revolutionized by technology and its economic consequences.
Whereas over half of MDs were in private practice just ten years ago, now fewer than 30% are.
What is happening to the medical sector is bit like what happened to education in the late 19th century. Back then, almost all secondar schools were private academies, although tuition was usually paid by the town for resident children. High school teacher made more money than either doctors or lawyers. In huge parts of the country, only a small minority of kids went to high school.
Then state after state began raising the school leaving age and huge numbers of kids began attending public high schools. Teaching became a bureaucratized function of government rather than a learned profession. Teaching salaries began to fall behind other occupations with similar certification requirements. Teaching went from a high profession like lawyer, doctor or minister to a low profession like nurse or policeman.
The American medical profession and the role of the MD within it has changed rapidly. The fee-for-service structure is economically obsolete in a world where the services are delivered not by the family doctor with his little black bag but by teams of technicians and specialists operating million-dollar laboratories.
The rest of the advanced First World has figured this out and is several generations ahead of the USA in coverage, quality and cost control. We are paying twice as much as any other country for medical care per capita with over 40 million people outside the insurance system and outcomes that well below EU countries and other English-speaking nations. Pathetic