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It has been argued that price controls could severely limit the quality and quantity of medical care in the U.S. and that global budgeting on

It has been argued that price controls could severely limit the quality and quantity of medical care in the U.S. and that global budgeting on a national level is the only way to control medical spending.

Explain how both controls work, the pros and cons of each, and which of the two you would recommend as the most effective. Why would your choice be the most effective?

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