Saturday, December 28, 2013

What's so Great About Government Health Care

I am at a loss to figure out why anyone with healthcare coverage would want to support Obamacare (the Affordable Care Act), especially those working in the public sector where quality is akin to HMO plans today. Maybe that is being too generous. To see the final result of a widespread policy, we only need look at the public sector. As regulation and rising costs forces private firms from the market, government will fill the void, and we will all end up with the same low level of coverage government workers receive. In that transition, costs will likely rise significantly as few large firms are left creating a monopolist market conditions. Obamacare was known to anyone with an introductory education in simple economics would have this effect. Except, of course, those making public policy.

Governmet in a nutshell: providing ineffective solutions to the problems it creates.

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