The 3 ways to ration what you get
Here’s Warren Meyer, talking about the different types of rationing.
So here is what it boils down to: For every product or service purchase, someone makes a price-value trade-off to determine if that product or service should be purchased for a given price in that particular instance.
One option for …
"Are second knee replacements worth it?" panels
Health care will be rationed. The only question is ”who will do the rationing?”. Will you make the decisions or will someone else? Megan McArdle illustrates this with a great quote.
Fears of ”death panels” are way overblown. Fears of ”Are second knee replacements worth it?” panels are not.