Wednesday, August 6, 2008

Newt's "Build Now, Train More" to Lower Price of Health Care

To drive down health care costs, the U.S. should plan to build more hospitals now. It needs to accept more doctors into medical schools. At least that's the tonic according to Newt Gingrich's economic solutions for energy in his "Drill Here, Drill Now, Pay Less."

Probing deeper, Newt revealed a Princeton junior found a study showing future supply dropped prices immediately. The study by two economists was turned down for publication "because everyone already knows this." This novel discovery could well be applied to health care.

Will Newt offer "Build (New Beds) Now, Train More (MD's), Pay Less" as the tonic for health care? Doubtful, unless KKR's HCA sends big bucks to American Solutions for a Winning Solution, Gingrich's 527 group.