Bill Smith of the Pioneer Institute in Massachusetts joins Wayne and Tim to discuss his important new book "Rationing Medicine", which focuses on an obscure economic concept called QALYs – or quality adjusted life years. Government bureaucrats in Europe use QALYs to deny access to life saving medications for patients. Some in the U.S. are pushing for the adoption of QALYs as a way to address high prescription drug costs. Learn how QALYs would jeopardize health care innovation and harm patients.