A Comment About

Today’s Health Insurance Ain’t Insurance

March 7, 2008 - 1:00 am - by Charlie Martin
James B
2008-03-07 09:13:25

Unless HillaryCare mandates some minimum level of insurance, I don’t know how somebody won’t get smart and pull a fast one on the system.

Think of it like this. If you are legally mandated to purchase insurance, but you don’t really want to, you won’t care about coverage level, just cost. So I’ll start a company that charges you $1 a month for “health care coverage” that pays $1 whenever your medical bills go over $10,000.

Presto, you now have cheap, worthless, but legally mandated “health coverage” for $1 a month.