How Regulation of Medicine is Bankrupting the United States and What Congress Can Do to Stop It
Inefficient and corrupt government policies have caused medical prices to spiral out of control. The economic result of this calamity is that Medicare faces an unfunded liability of such magnitude that no one knows how to pay for it. Egregious FDA over-regulation stifles the very cost-cutting medical innovations that could restore the nation to fiscal stability. As outlined in William Faloon’s new book, Pharmocracy, the only solution to today’s health care cost crisis is to repeal draconian laws that have granted a virtual monopoly to the entrenched medical establishment. Unless a free market is restored in the medical field, no one, including government, business, or the individual, will be able to afford the artificially inflated costs of health care.