This weekend's missive from Wasilla
- Sunday, October 18 2009 @ 10:31 AM CST
- Contributed by: filbert
- Views: 1,167
Wherein Sarah Palin demonstrates a better understanding of human nature than the Senate Finance Committee:
Emphasis mine.
The bill prohibits insurance companies from refusing coverage to people with pre-existing conditions and from charging sick people higher premiums. [1] It attempts to offset the costs this will impose on insurance companies by requiring everyone to purchase coverage, which in theory would expand the pool of paying policy holders.
However, the maximum fine for those who refuse to purchase health insurance is $750. [2] Even factoring in government subsidies, the cost of purchasing a plan is much more than $750. The result: many people, especially the young and healthy, will simply not buy coverage, choosing to pay the fine instead. They’ll wait until they’re sick to buy health insurance, confident in the knowledge that insurance companies can’t deny them coverage. Such a scenario is a perfect storm for increasing the cost of health care and creating an unsustainable mandate program.
Emphasis mine.
Explain to me again how Palin is such a stupid, backwoods rube and our august Senators are the font of wisdom on this Earth?