Rationing health care by price? "Why not?" says Megan McArdle.

“If you design a formula to deny granny a pacemaker, knowing that this is the intent of the formula, then you’ve killed granny just as surely as if you’d ordered the doctor to do it directly. That’s the intuition behind the conservative resistance to switching from price rationing to fiat rationing. Using the government’s coercive power to decide the price of something, or who ought to get it, is qualitatively different from the same outcome arising out of voluntary actions in the marketplace.”

(Cross-posted from State House Call.)


Related Articles:

Acton Lecture Series: 'Excuse Me Professor: Challenging the Myths of Progressivism'

Why Can’t Tesla Sell Cars in Michigan?

Let's Make a (Special) Deal: Legislators Can't Shake the Habit

Liberty, Prosperity and Humility on Thanksgiving

Forbes publishes Vernuccio op-ed on minimum wage protests

Detroit Taking Drastic Actions to Curb Students Missing School

Share More …