Unintended consequences of price controls are often misinterpreted or ignored by proponents of such controls because the effects take a few years to work through the health care system.

Question

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Price controls in the healthcare system can lead to unintended consequences such as reduced investment in innovation, shortages of care, and decreased quality of services. These effects often take time to manifest, making it easy for proponents to overlook or misinterpret the negative impacts initially.

Unintended Consequences of Price Controls Are Often Misinterpreted or Ignored