Tuesday, August 18, 2009

Insurance vs. Welfare

In a news conference on 7/23/09, President Obama said:

"[N[o insurance company will be allowed to deny you coverage because of a pre-existing medical condition."

At first glance, this may sound like a compassionate stance. However, if enacted, it would destroy the entire health insurance industry, eliminating any private option for health care insurance--which means eliminating health insurance as such. The only remaining option would be government-funded medical care--which is equivalent to putting everyone on medical welfare. Not so compassionate after all.

For an explanation of why this is so, see "Heath Insurance Negation Plan" and "Dems Plan will Eliminate Health Insurance." For more on the nature of insurance, check out step #3 in "A Four-Step Healthcare Solution."

Up next: a closer look at "administrative costs."

(If you think these claims sound "fishy," you can no longer report them to the federal government.)


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