It Does Not Work
The government runs a life insurance company for the military. Do you know why?
You buy flood insurance from a government company. Do you know why?
In states that require you to buy automobile liability insurance, the state has a government auto insurance company. Do you know why?
The state of Florida had a state company to sell home owners insurance. Do you know why?
It was essential that the government create the Medicare health insurance program. Do you know why?
The answer is the same in each of these cases, because private business refused to provide the service, the market doesn’t work.
Ben Franklin didn’t put a post office system in the Constitution to kill private enterprise, but because private enterprise wouldn’t do the job. It took huge government subsidies to the railroads to get the country tied together, because private enterprise wouldn’t take the risk.
Insurance companies are in it for the money. The same goes for the health care industry. They want to maximize profits, not provide service to their policy holders or patients. It’s all about greed.
2 comments
Ben Franklin didn’t put a post office system in the Constitution to kill private enterprise, but because private enterprise wouldn’t do the job.
time for a new bumper sticker: WWBFD?
.-= last blog ..Cats on hot tin roof skylight =-.
Ben got things done and made some money. There are a lot worse people you could pay attention to than Mr Franklin.