A midday update.
(insight - courtesy of my brother Jack)
Last night, President Obama laid out some interesting ideas:
1. Everyone will be able (and required) to purchase some level of health insurance.
2. Insurance companies will be required to offer coverage, even if someone has a "pre-existing" condition.
Okay. if those are the rules, then here's a likely scenario.
Many American's will simply purchase the cheapest type of health insurance available, with minimal coverage and minimal costs. Then, when they develop cancer, or need a new hip replacement, they simply seek out a more "complete" level of insurance coverage. After all, the insurance company will be required to accept them (no matter what the condition). And the Obama administration is going to make sure the insurance companies don't charge "too much".
It's analogous to being able to change car insurance, after you've had an accident. "Oh, officer, I only have liability coverage on my car. But now that it's nearly totaled I'll simply call State Farm and increase my insurance coverage to a zero deductible with full coverage. After all, they are required, by law, to provide insurance, no matter what my condition."
Obama and his team might want to go rethink this just a little bit further.
For some insight on the Administration's math abilities, here's a great item i was forwarded from my other brother (Jim).
Clunkers... I guess I must be on the wrong page
. A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
. So, the average clunker transaction will reduceUS
. They claim 700,000 vehicles so thats 224 million gallons / year.
. That equates to a bit over 5 million barrels of oil.
. 5 million barrels of oil is about 1/4 of one daysUS
. And, 5 million barrels of oil costs about $375 million dollars at $75/bbl.
. So, we all contributed to spending $3 billion to save $375 million.
How good a deal was that???
Obamanomics at work, or is it the NEW math invented by the UAW.
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To quote Instapundit.com............Our country is in the very best of hands!
Last night, President Obama laid out some interesting ideas:
1. Everyone will be able (and required) to purchase some level of health insurance.
2. Insurance companies will be required to offer coverage, even if someone has a "pre-existing" condition.
Okay. if those are the rules, then here's a likely scenario.
Many American's will simply purchase the cheapest type of health insurance available, with minimal coverage and minimal costs. Then, when they develop cancer, or need a new hip replacement, they simply seek out a more "complete" level of insurance coverage. After all, the insurance company will be required to accept them (no matter what the condition). And the Obama administration is going to make sure the insurance companies don't charge "too much".
It's analogous to being able to change car insurance, after you've had an accident. "Oh, officer, I only have liability coverage on my car. But now that it's nearly totaled I'll simply call State Farm and increase my insurance coverage to a zero deductible with full coverage. After all, they are required, by law, to provide insurance, no matter what my condition."
Obama and his team might want to go rethink this just a little bit further.
For some insight on the Administration's math abilities, here's a great item i was forwarded from my other brother (Jim).
Clunkers... I guess I must be on the wrong page
. A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
. So, the average clunker transaction will reduce
. They claim 700,000 vehicles so thats 224 million gallons / year.
. That equates to a bit over 5 million barrels of oil.
. 5 million barrels of oil is about 1/4 of one days
. And, 5 million barrels of oil costs about $375 million dollars at $75/bbl.
. So, we all contributed to spending $3 billion to save $375 million.
How good a deal was that???
Obamanomics at work, or is it the NEW math invented by the UAW.
--------------------------------------------------
To quote Instapundit.com............Our country is in the very best of hands!
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