June 21, 2012 | Philip W. Johnston
20 years later, Weld’s deregulation of hospital rates looms large as the root of today’s cost crisis
The state’s decision to stop regulating hospital prices in 1992 was a mistake that unleashed the cost increases of today, writes Philip W. Johnston, a health care consultant and former state official. Yet for years since deregulation, the state government had been unwilling to impose new cost controls. Now, with the bills under consideration on Beacon Hill, state government is finally poised to become a player in health costs again.