Commenter Carl, usually way out in left field, sent this interesting metaphor today:
The central problem with proposals to create a new government program, however, is not that government is less efficient than private insurers, but that government can hide its inefficiencies and draw consumers away from private insurance, despite offering an inferior product.
Fannie Mae and Freddie Mac hid their problems well until they sprung trillions in obligations on us this last fall. Expect “National Health Insurance Exchange” to do the same. Also expect “NHIE” to have all the Democratic cronyism that Fannie Mae and Freddie Mac have as well.