Tuesday, March 23, 2010

The reason Obamacare means we are completely screwed

Senator John Cornyn of Texas inadvertently explains why we are all completely screwed by Obamacare:

"There is non-controversial stuff here like the preexisting conditions exclusion and those sorts of things," the Texas Republican said. "Now we are not interested in repealing that. And that is frankly a distraction."

It is precisely the 'no preexisting conditions' exclusion that will bankrupt the plan and lead to total financial chaos by 2020. No PCs means that every rational human being will drop their insurance until they get sick. This is why private individual insurance is all but unheard of in New York and New England - they already have no PC laws and it makes premiums 4 or 5 times more expensive than the rest of the country.

There is no way to repeal such a popular program until the day the country's money is no good anymore.

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