17.10.06

The way to better, cheaper healthcare

Everyone complains about the rising cost of healthcare. And now is the season when politicians and pundits propose solutions. Unfortunately, too many of these proposals spring from the wrongheaded notion that healthcare is, as a recent New York Times letter-writer asserted, "a human right and a universal entitlement."

Sounds noble. But not everything that is highly desirable is a right. Most rights simply oblige us to respect one another's freedoms; they do not oblige us to pay for others to exercise these freedoms. Respecting rights such as freedom of speech and of worship does not impose huge demands upon taxpayers.

Healthcare, although highly desirable, differs fundamentally from these rights. Because providing healthcare takes scarce resources, offering it free at the point of delivery would raise its cost and reduce its availability.