Last month, we discussed Bastiat's Fallacy of the Broken Window as it related to the vandalizing of one of those "evil" insurance companies. Today, FoIB Holly R alerts us to a more peaceful - yet no less destructive - incidence of economic vandalism.This story is about a cottage industry growing by leaps and bounds as a result of ObamneyCare©'s crushingly expensive compliance regulations. For example:
"As part of [ObamneyCare©], new rules increase penalties if techs, nurses or even doctors see patients while their license is flagged in another state ... Redhage's IT startup -- called Provide Trust -- offers what amounts to a non-stop background check, and business is booming."
While this is certainly good news for Mr Redhage, it's bad news for the rest of us.
Why's that, you may ask?
Because just as in the case of Kaiser Permanente’'s literal broken window, dollars that must be spent on (for example) compliance regs are dollars that aren't being spent on actual, you know, care. And every hour that a doc or a nurse or a tech spends dealing with these reg's is one less hour being spent on, you guessed it, patients.
But then, ObamneyCare© was never really about the "care" in the first place.
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