The Aussie Rules Brownlow Medal and health insurance have a lot in common.
They are prize examples of foolish governments squandering our money for the greater glory of personality and ideology.
Both examples surfaced this week.
Let’s go to health insurance first.
In August 1996 the Government introduced its incentive scheme for low and middle income earners to join or stay in private health insurance.
It was a completely brainless scheme. Anyone with Year 10 arithmetic could work out on the back of an envelope how stupid the scheme was. The Government must have known, but it continued. And this week, the results of the Government’s folly are in.
It has spend $600 million on this scheme and still (as everyone out of government predicted) people leave private health insurance. Now only 31.6 per cent of the population have private cover. In the three months to December, 66,000 people left private funds.
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