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Obamacare is the real junk insurance
Jul 16th, 2017 at 9:14am
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Obamacare is the real junk insurance

By: Jack Hellner
July 16, 2017

Politicians and most of the media are saying that allowing people to buy catastrophic or bare bones insurance is essentially supporting junk insurance. Just look at what the New York Times is peddling.

Junk insurance is actually Obamacare. which requires people to cover everything including the kitchen sink even though most people don't need everything. The law and regulations then causes deductibles, co-pays and premiums to soar- yet still causes insurance companies to lose money. Then as they drop out of the individual exchanges, the spiral continues - and prices go even higher. Most people don't have the money to pay the deductibles and co-pays so the policies are essentially junk.

And they, too, are dropping out.

Obamacare is essentially like making someone with a 72 Vega buy collision insurance and pay the same premium as someone with a brand new Mercedes.


MORE>http://www.americanthinker.com/blog/2017/07/obamacare_is_the_real_junk_insurance...


  

''The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened''. -- Norman Thomas
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