What is in the water in the White House? I really didn't think I could be surprised anymore by the economic illiteracy of 1600 Pennsylvania Avenue, but I stand corrected.
Good news: The White House is downplaying the public option as part of it's health care reform.
Bad news: The White House is targeting insurance companies as the crux of this reform.
They say they're going to start to focus on "choice and competition." They contend that this will be accomplished by forbidding the "bad ol'" corporations from being able to choose who and who they will not (or cannot) insure.
First of all, I am sure everyone is insurable already...for a price. The problem is not everyone, particularly those with preexisting conditions will be able to afford it out of pocket. Tough choices will have to be made such as one's health or one's assets. This means one in terrible health may have to sell one's assets to become healthy.
But not in Obama-nation. You'll get to keep your assets and the President will force companies to insure you at low cost no matter how expensive it will be for them to provide you with care. It doesn't take a genius to figure out what will happen, insurance companies will go bankrupt. So much for "competition."
Will President Obama really let all those corporate fat cats go bankrupt? Of course not. He'll simply force ALL OF US to buy insurance. Not unlike most states force us to buy car insurance. Then, the young, working, and healthy will finance the health care of the infirm, old, and decrepit by paying into the system and never needing to use it. So much for "choice".
Less choice and less competition, more change we can believe in.
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