This month a Shanghai banking regulator disclosed that the Ministry of Finance is drafting rules to control the financing subsidiaries of local governments.

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To their credit, physicians and hospital leaders are among the most vocal national critics of the perverse incentives in the financing of healthcare, but those are the rules they must play by.

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As you can imagine, FINRA has passed all sorts of rules and regulations designed to limit, if not eliminate, just such a plan of self financing.

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