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:

Raising the Minimum Wage

Friedman Legacy Day

Planning for Life Workshop – Suttons Bay, MI

Planning for Life Workshop – Grand Rapids, MI

The Boundaries of Educational Choice: Surveying Michigan's Private School Landscape

Here's How Much More Money Detroit Public Schools Has Received Over the Years

Share More …