Saturday, September 12, 2009

Medicaid and Medicare Are Failed Projects.

If you understand how government works you can understand why any state operated business cannot work well.

Congress created both Medicare and Medicaid in 1965. Politicians being who they are expanded benefits, all the while talking about controlling costs. But costs keep skyrocketing.

This cannot happen in private business because there is always the specter of bankruptcy. But government intervention does prolongs this event and makes matters much worse and terribly expensive. That is when taxpayers come in to pay the bills.

Eventually enormous amounts have to be paid, that bankruptcy would have reduced once and for all, by making the required remedies early on.

The same government-failed approach, to prevent the skyrocketing cost of fraud-infested Medicare and Medicaid, is popular with those who feel Universal Health care run by government will be a health insurance solution.

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