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News Link • Obamacare

Obamacare and Dodd-Frank Have the Same Fatal Flaw

• arclein

Public insurance schemes fail where private schemes succeed because politicians excessively favor constituent customers. The Affordable Care Act governing health insurers was about 1,000 pages, and Dodd-Frank governing most other financial institutions was more than twice that. Both stopped short of nationalizing their respective industry, instead generating more than 10 pages of regulation for every one page of legislation, although many view nationalization as an eventual but inevitable consequence, particularly for health care.

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