[Henry J.] Aaron, a Senior Fellow in Economics at the Brookings Institution, is unable to imagine any route to cost control that doesn’t involve government coercion. In a 2005 Brookings white paper titled “Health Care Rationing: What it Means,” he represents the NHS [Britain’s National Healthcare System] as a system that has come to grips with what he sees as the inescapable necessity for rationing. Predictably, he rejects any alternative involving the market: “The key to efficient market outcomes is that prices reflect costs of production. The market for health care does not operate that way.” In other words, Aaron believes health care is a unique universe in which the market mysteriously fails to function and therefore can’t be relied upon to contain costs. It never seems to have occurred to him that the market’s alleged failure might be the result of government meddling. David Catron/American Spectator
And that is exactly what I’m afraid the SC will determine also. I’m afraid those justices will see healthcare as an industry that is “unique” and cannot be contained in the free market; that the government has every right, indeed it has a duty, to contain and control prices in healthcare.
In order to do that, it will mean rationing.