Obamacare failed its objective endpoints. Ronnie, John and others on the left say just give more money, time and lower the bar to subjective, feel-good measures and eventually it will pass if we throw enough of your money at it and adjust the standards as we go. Unfortunately, thats how government regulates its own and measures success when its taxpayer money. Contrast that with government regulation of private enterprise. As medical device makers funded privately, we have to have copious plans (thousands of pages) with tightly defined timelines, multiple endpoints and very specific goals in place before we can begin anything. At the conclusion of the planned time, endpoints are measured objectively. Timelines cant be changed. Measures of success cannot be changed. If stated endpoints are met, the product MAY be approved, but theres no guarantee. If the stated endpoints are not met or are ambiguous, the program fails. The company must either scrap the program/product or devise a new program/product and start over. Its an extremely stringent and costly process with no guarantee of an affirmative answer even if endpoints are met, but absolute certainty that if endpoints arent met, the program is done. Ronnie Nathan, Fred and John are BIG on government regulation, even if the cost is great and they seem to like such rigor when private money/enterprise is at stake. Fair enough. Why then do they allow such an incredibly low bar for government programs that taxpayers pay for. It seems incredibly hypocritical to me to insist on such stringent regulation of private enterprise and demand virtually no standards for government enterprise.
Posted on: Fri, 18 Apr 2014 22:42:08 +0000
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