There is a second opinion piece in today's edition of The Wall Street Journal that also is worth reading.
We frequently talk about the "unintended consequences" of our choices. This essay addresses what may be an unintended consequence of the health-care reform legislation currently being worked out by Congress in conference. And while it comes from a highly interested source, it raises an interesting economic question.
Most economists would agree that dropping the price of accessing the health care system will result in increased demand. But what is being done to augment supply? The author is specifically concerned with the supply of doctors. If demand rises and supply does not shift, the market would correct by raising prices. But if prices are fixed, what is the result?
I'll leave it to you to take this the rest of the way with your students. Just graph it. And share your thoughts.
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