Why is the government so bad at healthcare?

They've been at it for 75 years and still can't get it right.

It's expensive, access is spotty,

it's mired in bureaucracy, and it's fraught with waste.

Obamacare was supposed to fix all this,

but instead, like every other government healthcare program before it,

it just made things worse.

Why?

Because the government is a third-party payer.

Let me explain.

Suppose you're going to buy something for yourself.

You have two priorities, price and quality.

You want the highest quality for the lowest possible price.

Say you're buying a television.

You have many options, the size of the screen,

the quality of the image, the price.

Only you know which one best suits your needs in your budget.

And a lot of companies are competing for your business.

You do your research, you make your choice.

This is called a first-party purchase.

The person paying is the person using.

Now let us suppose that either the price or the quality is not controlled by you.

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