The parable of WidgetWise

Lets pretend that you own a store that sells Widgets. You have to make $1000 a day to stay in business. You can serve 10 customers a day, so you sell widgets for $100 each. Now, let's suppose that the government decides that everyone needs to have a steady supply of widgets, and starts a program called "WidgetWise". This program pays for widgets for people who , otherwise, would not have as many widgets. You think: "great! This will be really good for business". So, you open up your shop, and wait for the profits to roll in. You hand the new WidgetWise customers their Widget, and they give you "WW" number so that you can collect the payment from the government. You have seen four WW customers, when you notice the fine print on the WW card:

"Widget vendor must take this number for payment in full of $50, and supply the bearer with a Widget."


You can only see 6 more customers, and you have to make $1000 dollars today to keep your doors open. The first four "WW"customers only provided you with $200. What do you do? (here's a hint, 800/6=133)



This was the dilemma faced by health care providers when medicare came into effect. The liberal camp would have you believe that rising health care costs either have no cause, or are caused by "greedy doctors" gouging their patients for every last dime. So next time you hear The democrats shouting that the problem of the high cost of health care needs to be solved with a government program, just remember that before the last "government program" health care was affordable.