Random Thoughts About International Finance and the Global Economy
Sunday, August 23, 2009
Government Death Panels
The argument that health care reform will create death panels is clearly pretty absurd. Health care is always rationed. Sometimes by price, sometimes in other ways. But what is totall absurd is to argue that the political branches will cut services for the voting public. The government cannot end Saturday postal delivery or cut routes of Amtrak.
Sometimes, the government is critical in extending care. This article in the Washington Post shows how Medicare was instrumental in extending dialysis treatment.
I am a Professor of Economics at the Pennsylvania State University and a Non-Resident Senior Fellow at the Brookings Institution. I am also a founder and Member of the Board of Directors of the New Economic School