To Contact Health Watch USAsm please use the following E-Mail Address: |
Here is what Governor Fletcher has to say when asked about competition for unions. Shouldn't employers also have competition in the health care industry? Jan 14, 2006
View Policy Report on |
Health care is one of the last industries where competition is discouraged for fear of escalation of costs. The banking and the airline industry had similar protections. These were removed decades ago with resultant benefits to the consumer.
The premise behind Kentucky's current health care system is that corporations will pass on their savings gained from state granted monopolies to the consumer and not the stockholders or officeholders. This is an honor system, since in health care there is no Public Service Commission.
Without competition high prices with low quality can occur.
In 2004, the Federal Trade Commission and Department of Justice compiled an extensive report and after 27 days of testimony from 250 panelists, coupled with independent research, they reached the following as one of their conclusions: