All Posts Tagged With: "rationing"
One Last Time: Markets Don’t Ration!
The Wall Street Journal takes Donald Berwick, likely the next Medicare chief, to task for saying, “The decision is not whether or not we will ration care—the decision is whether we will ration with our eyes open. And right now, we are doing it blindly.” Fine. But then the editorial writer adds, “In fact, the [...]
27Apr2010 | Sheldon Richman | 1 comment | ContinuedA Health Insurance Criminal Pleads His Case
If mandatory health insurance goes through, it will turn me into a criminal. I don’t have health insurance. I don’t want it. And I will refuse to buy it even though I can afford it. Before they lead me to the cell, perhaps the prisoner may be allowed to say a few words in his [...]
24Mar2010 | James L. Payne | 21 comments | ContinuedThe Market Doesn’t Ration Health Care
Health care “reformers” say they have two objectives: to enable the uninsured and underinsured to consume more medical services than they consume now and to keep the prices of those services from rising, as they have been, faster than the prices of other goods and services. Unfortunately, Economics 101 tells us that to accomplish those [...]
24Feb2010 | Sheldon Richman | 9 comments | ContinuedMarkets Don't Ration!
If I can’t buy a Lexus for $1,000, it’s not because the market rations the car to someone else. It’s because no one will sell it to me at that price when he can sell it to another person for more. Markets don’t ration!
17Aug2009 | Sheldon Richman | 1 comment | ContinuedThe End-of-Life Rigmarole II
I’d like to take this matter a step further and to make explicit what was only implicit in the original post. It should be a matter of concern that people paid by the State — doctors treating Medicare patients — would be authorized under the House legislation to venture into end-of-life issues when the government’s [...]
14Aug2009 | Sheldon Richman | 0 comments | ContinuedThe End-of-Life Rigmarole
Sometimes I almost believe that the right-wing critics of Obama healthcare “reform” are moles working for Obama. Take the end-of-life controversy. There is nothing in the House bill that would require Medicare recipients to have end-of-life counseling, much less submit to some kind of euthanasia process. All I can find is a requirement that Medicare [...]
13Aug2009 | Sheldon Richman | 1 comment | ContinuedThe Market Doesn’t Ration Health Care
Healthcare reformers say they have two objectives: to enable the uninsured and under-insured to consume more medical services than they consume now, and to keep the prices of those services from rising, as they have been, faster than the prices of other goods and services. Unfortunately, Economics 101 tells us that to accomplish those two [...]
7Aug2009 | Sheldon Richman | 1 comment | ContinuedThe Market Doesn’t Ration Health Care
Healthcare reformers say they have two objectives: to enable the uninsured and under-insured to consume more medical services than they consume now, and to keep the prices of those services from rising, as they have been, faster than the prices of other goods and services. Unfortunately, Economics 101 tells us that to accomplish those two [...]
7Aug2009 | Sheldon Richman | 0 comments | ContinuedTGIF: The Market Doesn't Ration Health Care
Healthcare reformers say they have two objectives: to enable the uninsured and under-insured to consume more medical services than they consume now, and to keep the price of those services from rising, as they have been, faster than the prices of other goods and services. Unfortunately, Economics 101 tells us that to accomplish those two [...]
7Aug2009 | Sheldon Richman | 0 comments | ContinuedThe Market Doesn't Ration!
Why do economists, even those who favor the free market, call what the market process does “rationing.” When you choose, because of the price, to buy four pounds of hamburger rather than eight, that is not rationing. Rationing is when an authority says you can only buy four. It indicates a conscious process of allocation [...]
1Aug2009 | Sheldon Richman | 5 comments | ContinuedThe Two-Price System: U.S. Rationing During World War II
As the United States mobilized for war after mid-1940, the government’s demands for munitions and related resources began to put pressure on certain markets, and soon prices began to rise. In 1941 they rose faster: from December 1940 to December 1941, the producer price index increased by 17 percent, the consumer price index by 10 [...]
24Apr2009 | Robert Higgs | 5 comments | ContinuedThe German Economic Miracle and the “Social Market Economy”
Richard Ebeling is the president of FEE. This summer marks the 60th anniversary of the beginning of the post-World War II German “economic miracle.” When the war ended in Europe in 1945, Germany was in a shambles. Its major cities had been destroyed either from Allied bombing or urban combat. Millions of its citizens had [...]
1Apr2008 | Richard M. Ebeling | 0 comments | ContinuedWe Need Medical Rationing?
In a recent op-ed in the Los Angeles Times (“A Health Care Prescription that’s Hard to Swallow,” January 30, 2006), Henry Aaron, a well-known health economist at the Brookings Institution, made the following argument: Spending on health care in the United States is rising as a percent of GDP and could go from its current [...]
1May2006 | David R. Henderson | 0 comments | ContinuedThe Price of Free Health Care
Many health-reform proposals in the United States are modeled on the Canadian healthcare system. The usual claim is that a program similar to the one in Canada would provide all Americans access to the finest medical services while managing to be less expensive than the status quo. Unfortunately, these wonderful visions of socialized health care [...]
1May2005 | Nadeem Esmail | 2 comments | ContinuedBlame Congress for HMOs
Twila Brase, R.N., P.H.N., is president of the Citizens’ Council on Health Care in St. Paul, Minnesota (www.cchc-mn.org). Only 27 years ago, congressional Republicans and Democrats agreed that American patients should gently but firmly be forced into managed care. That patients do not know this fact is evidenced by public outrage directed at health maintenance [...]
1Feb2001 | Twila Brase | 3 comments | ContinuedHealth Care: Over the Canadian Cliff?
Doug Bandow, a nationally syndicated columnist, is a senior fellow at the Cato Institute and the author and editor of several books, including Tripwire: Korea and U.S. Foreign Policy in a Changed World. Everyone in Washington recognizes that Medicare is headed over a financial cliff. The growth in spending continues to outpace that of revenues; [...]
1Oct1999 | Doug Bandow | 1 comment | Continued-
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