Re:NYU Makes Tuition Free for All Medical Students
by Joeri on Friday August 17, 2018 @12:40AM
(#17780322)
To bring down cost you don’t bring down the subsidies, but you let the government negotiate price limits on subsidized goods and services.
This is how health care and college subsidies work in my country. The government negotiates with the universities and medical industry what the price and the subsidy level will be. Schools and health care can opt out of the subsidy scheme and shrink their market to the rich or opt in and have lower margins with higher quantities. Most choose to opt in, even the top tier.
The trick is using the negotiating power of government, which is something U.S. politicians are unwilling to do.
This is how health care and college subsidies work in my country. The government negotiates with the universities and medical industry what the price and the subsidy level will be. Schools and health care can opt out of the subsidy scheme and shrink their market to the rich or opt in and have lower margins with higher quantities. Most choose to opt in, even the top tier.
The trick is using the negotiating power of government, which is something U.S. politicians are unwilling to do.