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The American Medical Association, for example, restricts the number of medical candidates by means of its accreditation process for medical schools, with its decisions ratified by state governments. Nineteen states are limited to having a single medical school. We’re supposed to believe this restrictive policy was developed with only the public good in mind? The supply of medical services is also kept down by “certificate-of-need” (CON) regulation. Such regulation allows existing hospitals themselves to decide whether a “need” exists for additional hospitals in a particular area. Were such a privilege granted to existing firms in any other industry, its anti-competitive nature would be evident. Not surprisingly, CON regulation, which has also been used to block competition in related health professions like home health care and nursing, has been found to increase medical costs.

Thomas E. Woods (2011-02-07). Rollback: Repealing Big Government Before the Coming Fiscal Collapse (p. 21). Regnery Publishing. Kindle Edition.

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