A new legislative proposal in Frankfort underscores the need to teach economics more widely in Kentucky.
House Bill 251 would cause some health care providers to be prosecuted as felons for accepting cash for their services. The intent is to cut down on overprescribing of pain pills, but at a time that our federal government is moving toward destroying our healthcare system through radical manipulation of insurance options, the last thing we need to be doing is telling sick people they can't pay cash to go to the doctor.
In fact, multiple medical examples such as contact lenses, plastic surgery, and LASIK, which are not payable by health insurance, suggest strongly that we should be encouraging cash payment for healthcare rather than throwing people in jail.
There are better ways to make prescription drug abuse more illegal than it already is. We don't need to throw bad economics into the mix.