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Chadwick: Rationing Health Care is Scary

Reading Betsy McCaughey’s op-ed article in today’s Wall Street Journal, I understand fully why the elderly are so scared about the possibility of a nationalized health care system.

Dr. McCaughey knows a great deal about health care and has spent the last five years as the Chairman and CEO of RID, an organization which is dedicated to the prevention of hospital-acquired infections. As a point of clarification, her doctoral degree is not in medicine, but is a Ph. D. in constitutional history.

The advice that President Obama is receiving from his health adviser, Dr. Ezekiel Emanuel, is scary stuff. Given that Dr. Emanuel is the brother of the White House Chief of Staff, Rahm Emanuel, one can only assume that he is more than a figurehead. Importantly, Dr. McCaughey provides numerous quotes from Dr. Emanuel’s writings. If I were in my 70s (and I am not THAT far away), I would be bombarding my Senator and Congressman with emails and phone calls.

I hope that Dr. Emanuel provides a response to Dr. McCaughey’s piece. I for sure will read it.

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Patricia W. Chadwick has had more than 35 years of investment experience. She is the founder and president of Ravengate Partners LLC, a consulting firm that provides advice on financial markets and global economics.