Three ethical criticisms of managed care are often voiced: (1) by ''sk
imming the cream'' of the patient population, managed care organizatio
ns fail to discharge their obligations to improve access, or at least,
to not worsen it; (2) managed care organizations engage in rationing,
thereby depriving patients of care to which they are entitled; and (3
) by pressuring physicians to ration care, managed care organizations
interfere with physicians' fulfillment of their fiduciary obligations
to provide the best care for each patient. This article argues that ea
ch of these criticisms is misconceived. The first rests on the false a
ssumption that the health care system includes a workable division of
responsibility regarding access that assigns obligations concerning ac
cess to managed care organizations. The second and third criticisms wr
ongly assume that we in the United States have taken the first step to
ward assuring equitable access to care for all, articulating a standar
d for what counts as an ''adequate level of care'' to which all are en
titled. These three misguided criticisms obscure the most fundamental
ethical flaw of managed care: the fact that it operates in an institut
ional setting within which no connection can be made between the activ
ity of rationing and the basic requirements of justice.