William M. Thomas: “Mr. President, price controls produce shortages, black markets, and…”

On the recordMarch 16, 1994

Mr. President, price controls produce shortages, black markets, and reduced quality. Your plan, the Clinton Plan, sets the fees charged by doctors and hospitals, caps annual spending on health care, limits insurance premiums, and imposes price limitations on new and existing drugs. These controls will hurt people and they will damage the economy. We urge you to remove price controls in any form from your health care plan. You have 2 minutes to tell me why these 565 economists from 50 States are wrong.

Said by

William M. Thomas

California

Source

govinfo.gov

Editor's note · Context

Addressing concerns about President Clinton's health care plan and its proposed price controls.

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William M. Thomas: “Mr. President, price controls produce shortages, black markets, and reduced quality. Your plan, the Clinton Plan, sets…”

Editor's note · Context