When I was young, just got out of college, I had to buy auto insurance. I had a beat-up old car. And I won’t name the name of the insurance company, but there was a company — let’s call it Acme Insurance in Illinois. And I was paying my premiums every month. After about six months I got rear-ended and I called up Acme and said, I’d like to see if I can get my car repaired, and they laughed at me over the phone because really this was set up not to actually provide insurance; what it was set up was to meet the legal requirements. But it really wasn’t serious insurance.
Now, it’s one thing if you’ve got an old beat-up car that you can’t get fixed. It’s another thing if your kid is sick, or you’ve got breast cancer.
The president is an idiot. Since he had just gotten out of college, he was a lawyer. One would guess that any competent lawyer would know the difference between liability insurance and collision insurance. One would also assume that an attorney would know that being rear-ended means that the person doing the rear-ending is liable and should pay for repairs.
This quote, and his story, illustrates the problem with government mandated insurance- the companies will offer the minimum amount of coverage under the law, whether it is worth a crap or not, and many people who can't afford the good coverage will buy that minimum coverage. Of course, the insurance the president really wants to mandate would not be able to refuse you for a preexisting condition, meaning that you will not have to buy insurance to fix your car until AFTER you have an accident. How anyone thinks the insurance companies will be able to stay in business under those conditions is beyond me.
I am still undecided as to whether any human being can be as stupid and naive as Obama is, or of this is a deliberate attempt to destroy the country.