Does government regulation prove to cause more harm than good?

• Date: October 17, 2009
• Source: articlebase

“House Passes Health Reform Bill” read the headlines a couple of days back. Obama’s landmark project set to bring radical change in medical coverage to the entire population of America. Pro-Obama group are all praise for the outcome. But there are also voices which raise concerns about the fine print of the bill. So does government regulation prove to cause more harm than good?

Regulations have been conceptualized to reign in quality, costs and any kind of malpractices that can affect the users. Quality comes at a cost. The cost of compliance is very significant. Hence regulations are termed as necessary evil. Truth is the cost of non-compliance could be higher.