Earlier this month, we noted the financial difficulties facing the Much Vaunted National Health Service©, and observed that if you're a government-run health care system and you're going broke, that's a problem. But it's not the only problem - lack of self-awareness is also strong:
"Yet oddly, rationing is not entirely dead. It is alive and well and making a comeback in our “precious” National Health Service." [emphasis added]
Just now noticing that, Jeremy? Had you been a regular IB reader, you'd have seen examples for years. Better late than never, one supposes. And he does, in fact, make an extraordinarily brilliant point:
"In a tax-funded health care system, the normal, self-limiting rules of supply and demand don’t apply."
Which is exactly right, and we're already seeing signs of it here, with only a partially government run health care scheme:
"A majority of new enrollees are considered high risk, meaning insurers will have to spend more money on people in poor health and requiring expensive care."
Mr Warner goes on to point out three "new elements" that have entered the picture: mass communication, an aging society, and ever-growing, ever-changing tech. Notice the elephant in the room that he doesn't mention?
[Hat Tip: FoIB Peter K]
"Yet oddly, rationing is not entirely dead. It is alive and well and making a comeback in our “precious” National Health Service." [emphasis added]
Just now noticing that, Jeremy? Had you been a regular IB reader, you'd have seen examples for years. Better late than never, one supposes. And he does, in fact, make an extraordinarily brilliant point:
"In a tax-funded health care system, the normal, self-limiting rules of supply and demand don’t apply."
Which is exactly right, and we're already seeing signs of it here, with only a partially government run health care scheme:
"A majority of new enrollees are considered high risk, meaning insurers will have to spend more money on people in poor health and requiring expensive care."
Mr Warner goes on to point out three "new elements" that have entered the picture: mass communication, an aging society, and ever-growing, ever-changing tech. Notice the elephant in the room that he doesn't mention?
[Hat Tip: FoIB Peter K]
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