EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca


. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Friday, February 25, 2005

How Good Is Socialized Medicine?

The Emirates Economist links to this story about a 7-year-old in the UK who was sent to the U.S. for treatment. It is only one incident, but it is instructive. Although many people from the U.S. come to London, Ontario, for transplant surgery, the net flow is typically of patients from Canada going to the U.S. to avoid the long waits in Canada.

Update: see here for another incident. Unfortunately examples of the problems that arise with non-price rationing abound.
 
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