Government Control Of Price Inflation In Healthcare

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Price inflation has been a major contributor to the rise of healthcare cost in recent decades (Brodenhemier & Grumbach, 2012, p. 97). The United States has the most expensive healthcare system among the industrialized nation so what can we do to control this inflation before it is too late? Other nations like Canada and England are doing a great job at keeping inflation down. Perhaps we can looked towards these international nations to help us control our price inflation. The good news is we don’t have to look outside of the country. The state of Maryland has seen success in controlling inflation by embracing a system called rate setting. This system allows the Government to dictate what hospitals can charge for medical procedures, not the

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