Thursday, March 5, 2009

How Regulation Harms

[HT:JK]
A New York City doctor's flat-fee, $79-a-month medical practice has run afoul of state insurance regulators who have told him to shut it down.

Dr. John Muney said Wednesday he's negotiating to try to keep the arrangement at his AMG Medical Group centers. The fee . . doesn't cover treatment requiring hospitalization or specialized care.

But the state Insurance Department says Dr. Muney's system amounts to insurance and requires a license...

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