Health Care -- Overspending is preferable to Rationing.

I have always admired Martin Feldstein as one of the clearest economic thinkers of our time (and president of the National Bureau of Economic Research). I agree with his last paragraph in his WSJ opinion article on Health reform and want to sign on to it. He says "Like virtually every economist I know, I believe the right approach to limiting health spending is by reforming the tax rules. But if that is not going to happen, let's not destroy the high quality of the best of American health care by government rationing and misplaced egalitarianism. " The opinion article is "ObamaCare Is All About Rationing: Overspending is far preferable to artificially limiting the availability of new procedures and technologies."

Dr. Feldstein knows lots of economists so his opening is pretty striking.