Health-Care Rationing Is Inevitable

Let's stop debating the why of rationing and get on with the how.

Editor's note: This story was published prior to the passage of health reform legislation.

Rationing remains the ultimate taboo in the health-care debate. Nobody -- including me -- likes to be told by a health-care funder, whether private or public, that it won't pay for treatment. But I believe that formal rationing will someday take hold in the U.S., regardless of whether pending health-care legislation is enacted. It's a matter of simple affordability. The high cost of wonderful new medical treatments will far exceed our nation's ability to pay for them.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Knight Kiplinger
Editor Emeritus, Kiplinger

Knight came to Kiplinger in 1983, after 13 years in daily newspaper journalism, the last six as Washington bureau chief of the Ottaway Newspapers division of Dow Jones. A frequent speaker before business audiences, he has appeared on NPR, CNN, Fox and CNBC, among other networks. Knight contributes to the weekly Kiplinger Letter.