Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.
Friday, March 27, 2020
Rationing Healh Care
Coronavirus has rekindled discussions about the best way to ration health care (WSJ, March 2020). The opinion mentions ways to increase capacity to provide health care. Two questions arise in my mind.
Does a lottery or algorithm increase capacity when shortages occur?
Would the market system increase capacity when shortages occur?
This later post discusses another WSJ article on rationing ventilators.
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