One of the arguments about health care reform is that if the government pays they will ration what is available. This is certainly the case in the UK as this story in the October 8th Daily Mail shows:
The NHS is the UK’s National Health Service and they are not going to allow doctors to prescribe a new drug for Rheumatoid Arthritis because it is to expensive. Will that happen here? It already does to some extent. But the bigger problem is that if drug developers can’t make money investment will dry up and development will stop. On the other hand if we don’t change the way we are paying for health care now we will go bankrupt. My post about Medicare finances.