Today is the official day of the Obamacare
fiasco. Once again we are to live through
the consequences of good intentions that most certainly will go bad. Any time a government entity tries to implement
price controls instead of allowing the free market to work, eventually leads to
higher prices and shortages.
Democrats keep harping that Republicans are denying
people access to affordable health care, when in fact it is their policies that
are the real culprit. The Cato Institute
published a report in 2004 on the cost of health care regulations. Here is an excerpt:
"Based
on consensus estimates about the impact of higher prices on how many would
likely drop health insurance, this increased cost implies a 3.8 percent
reduction in the demand for coverage. This translates into 6.8 million
uninsured whose plight arguably might be attributed to excess regulatory costs,
or roughly one in six of the average daily uninsured."
And as
for fraud and abuse:
"Even
though the government collects $2.1 billion in enforcement penalties (treated
here as a transfer), the gross cost of health care fraud and abuse regulation
is estimated to be $3.2 billion, inclusive of government regulatory costs,
industry compliance costs, and efficiency losses from tax collection and
regulatory costs. All industry compliance costs (including enforcement
penalties) are treated as roughly equivalent to an excise tax."
Progressives
love centralized authority. Recently,
Venezuela took over a toilet paper factory because of shortages; shortages
which the Venezuelan government caused through price controls. Now their citizens are walking around with
chaffed asses. Soon the American people
will be chaffed too.
Source: http://ca.news.yahoo.com/venezuela-orders-temporary-takeover-toilet-paper-factory-002437055.html
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