Presidential Communication

[Rudeboyelvis]

Just what the liberals need - another sanctimonious blowhard explaining to all beneath her how his lies and bullsh1t are for their own good.

Lovely.

Amazing how in just 6 short years, this discussion went from:

"Reforming the system to make healthcare available to all"

to:

"Doing absolutely nothing about the system except to shift all of the financial burden to tax payers"

I guess he meant to say that too.

From the 50,000 foot view, nothing changes. The poor won't pay (just like now) it's just that the Hospital Systems and Insurance carriers will no longer have to take quarterly write downs of their loses by the caring for the uninsured.

We get to pay, in taxes, for all of the risk in the system. They do nothing but cherry pick their clientele and rake in cash hand over fist.


In Florida, there is a similar system in place for homeowners insurance. Since there might actually be a risk of paying a claim due to a windstorm, most Insurance companies don't write policies here, at least not anywhere near the coast.

These policies go to a state funded insurance pool (Citizens Property Insurance Corp.), and you have to go to them to get insured.

Here's what we know about how Citizens works:

1. All of these policies are typically 4 to 5 times the cost of real insurance.
2. The HOA3 coverage is bare bones, with exorbitant deductibles
3. They are a nightmare to deal with, if, heaven forfend you actually need them to pay a claim.
4. You can now be dropped, by even them (thanks Insurance Lobby!) and be forced to get insurance through Lloyd's of London. Of course that's about 10x what a typical premium costs, and only insures the appraised value of the property. So if you're upside down (like everyone here) you get to pay for an additional gap policy ( which is around 25x what a typical premium costs) for the difference.


Wanna take a guess what ACA will look like in 5 years?!

You don't need to look much further as the parallels are identical.