Supreme Court Upholds Nationwide Health Care Law Subsidies

[Benton]

(06-25-2015, 05:50 PM)bfine32 Wrote: In business we have a thing known as sunk cost. The biggest mistake you can make is the continue to put money, time, and effort into a bad product. Simply accept the loss and do it right the next time.

Understood, but this isn't that. Sunk cost is cost that isn't recurring. Depending on the size and people involved, writing a piece of legislation at the federal level cost from several hundred thousand to several tens of millions of dollars.

Even voting an issue once it's written costs. Just a quick google so I'm not checking the numbers too closely (although it is referring to the ACA votes), but...

http://www.marketplace.org/topics/economy/health-care/what-cost-house-vote

Quote:We figured out how much we spend per day on salaries and office costs for members of the House of Representatives and their staffs. The grand total? Almost $2 million every day. Are repeat, symbolic votes worth the cost?

If we scrap the law and write another it isn't a sunk cost, at least not how we refer to it in my industry.