AMA Warns of Problems Created by Price Controls on Medical Care

The president of American Medical Association (AMA) will address Economic Club of Pittsburgh this Thursday on the use of price control mechanisms in medical care.

 

J. Edward Hill, M.D., will warn that efforts to control medical costs by price controls have failed. Market regulation has actually helped make health care coverage unaffordable and driven up the number of uninsured to nearly 46 million Americans - including roughly 1.5 million Pennsylvanians.

 

Dr. Hill will propose a more uniform, rational regulatory approach that would protect those with high medical expenses and allow markets to work for the general population. The AMA's plan would unleash market forces to encourage and empower individuals to gain the level of insurance coverage appropriate to their individual needs.

 

The AMA believes that a health care system based on a mix of private and public sector financing will best benefit the uninsured, improve quality, restrain costs, and expand patient choice and individual purchasing power.

 

WHAT: Presentation to the Economic Club of Pittsburgh

 

WHO: J. Edward Hill, M.D., AMA president

 

 

WHEN: 12:00 p.m. (ET), Thursday, Oct. 27

 

WHERE: Omni William Penn Hotel, 530 William Penn Place, Downtown Pittsburgh, Pa.