BRYAN CAPLAN
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Keynesian Bets: What's Out There
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Keynesian Bets Bleg
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The Pyramid of Macroeconomic Insight and Virtue
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A Natalist Provision
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I Was a Teenage Misanthrope
DAVID HENDERSON
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John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
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My take on Reinhart and Rogoff
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Medicare Kills a Program
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Excellent post!
Health care will be rationed - the question is whether to have it done by politics or by the market. People find having bureaucrats make such a decision intolerable. It is as Hayek pointed out, more bearable that the market do it. That way, it seems more like luck-of-the-draw (who is lucky enough to have the means to pay) than some collective decision as to who should get treatment and who should not.
Rahm Emanuel proposed health care vouchers in 2004. See Chicago Tribune January 20, 2004.
A very interesting article, although as a non-American, I wondered how much of the values thing was actually all that specific to the USA. One difference I see between American and NZ or UK healthcare is that there are a lot more procedures in the USA, eg no one has ever thought that I, young and healthy, should be getting annual checkups. But on the other hand, the desire for all sorts of procedures, the difficulty in controlling costs, strikes me as familiar.