Sunday, October 10, 2010

The Party of Just Don't Get It

The Republicans promised to repeal Obamacare.

Then they promised to replace it with... Obamacare.
We will make it illegal for an insurance company to deny coverage to someone with prior coverage on the basis of a pre-existing condition, eliminate annual and lifetime spending caps, and prevent insurers from dropping your coverage just because you get sick.
This isn't a business model, this is a suicide pact.

Insurance companies make a profit the same way that casinos make money on roulette: They can afford a few large payouts because they continually make up for it with tiny, regular losses from everyone else.

By elimating pre-existing condition exclusions, they're allowing people to place their bets after the wheel stops spinning.

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