Great editorial in the Wall Street Journal about the a Canadian Supreme Court ruling. In essence, the court ruled that the much-lauded “single-payer” health care system doesn’t work.
In the ruling, the chief justice wrote: “Access to a waiting list is not access to health care.”
The editorial board of the WSJ expands:
There are only two ways to allocate any good or service: through prices, as is done in a market economy, or lines dictated by government, as in Canada’s system. The socialist claim is that a single-payer system is more equal than one based on prices, but last week’s court decision reveals that as an illusion. Or, to put it another way, Canadian health care is equal only in its shared scarcity.
An important lesson for those who argue that the U.S. system is broken. Yes, our system has major flaws. But, don’t point to other systems as the solution if they don’t work either.