At Town Hall, Paul Hsieh, MD. writes:

Suppose President Obama proposed reviving the faltering American economy by creating a federal “Department of Technology” to encourage Silicon Valley technology companies to merge into large consortiums. Bureaucrats would then tell these companies what products they should produce and sell. Most Americans would consider that approach ridiculous. They know that innovations such as iPads and smartphones were created by entrepreneurs competing in a free market, not by government central planners. Yet the Obama administration is committing the same error by pushing doctors and hospitals into government-supervised “Accountable Care Organizations.” …

ACOs will become the medical equivalent of the state-run giant collective farms that failed to feed the USSR. Central planning will strangle innovation in American medicine just as it strangled the Eastern Bloc economies during the Cold War.

Read the whole article: A Doctor Exposes Obama’s Health Care Fallacy.