Tammy Bruce blogged on the UK's health care rationing formula
QALY stands for quality adjusted life year---a year of life adjusted for its quality or its value---a mathematically derived value ranging from plus one to negative scores. The formula is used by the U.K.'s National Institute of Clinical Excellence, a.k.a., NICE, as a guideline for NHS treatment. Many people think it's not so nice. This is a lottery for your life. NICE evaluates which drugs, devices and procedures are economical and to whom they are worth giving.
This caught her attention because Obama's Mother Of All Pork spending bill has a provision to fund studies into this health rationing principle, known here as "comparative effectiveness research." Read her post for more details.
Do recall that Obama (and Hillary) campaigned on universal health care during the primaries.
BTW, Tammy identifies the NICE by its original name. Since 2005, through bureaucratic merger with the Health Development Agency it became the National Institute for Health and Clinical Excellence - but it still retains the original acronym. NICE is also a fictional totalitarian entity in C. S. Lewis' That Hideous Strength.