We have all witnessed government overregulation of medicine. Doctors with whom I consult personally and on behalf of clients tell me that physicians are no longer in charge of their practices. Regulators tell them how long their patients' hospital stays will be, and steer them toward specific medicines, often on the basis of a lower cost rather than effectiveness.
For wealth planners, Circular 230 is the long, lean nose of government piercing the camel's tent. We have lived with Circu