yet another example of government lacking efficiency. as i've been saying for many years now, bureaucracy costs money... OUR money, and a LOT of it!
included below the article is a comment by my friend, Ewin, who sent me the link. i believe he nails the issue on the head.
my question is, what's it going to take for the masses to realize that we are only hurting ourselves and all future generations — our children — by continuing down this path of economic disaster in allowing government to infiltrate various economic aspects of the private sector, while it simultaneously violates the sanctity of the individual's private life itself?
The plain truth is that government is a political animal and not an economic one. When we allow government to be involved in any economic activity, the economic aspects of it are only important as they impact the political aspects. And when government does some economic activity, it always does it less efficiently than when private business does it. Case in point: when it gives a class of citizen all the health care it demands, of course it costs way more than anyone expects.
We were assured by supporters of ObamaCare that it would be a way to reduce the federal deficit. One reason the left supported ObamaCare was because of their visceral hated at the idea of a health insurance company would make a profit. What they were ignorant of was that profit was actually the sign of efficiency. High profits would attract competitors and thus over time the industry leaders provoked each other to improve and become more efficient. There is no such provocation or competitive pressure for a single payer government bureaucracy.