Health Care Passes the US House!

[Lord T Hawkeye]

-You can't be denied a claim for a pre-existing condition.

This is in fact an enormous con and demonstrates the political class' piss poor understanding of insurance.

Insurance companies get vilified for it all the time but if you stop and think for a moment, you'll realize there's a very good reason why they do this.

I'll give you a hint: It's the same reason why you can't buy house insurance after your house has already burned down.

Figured it out?

Because then there's no reason whatsoever to buy insurance while all is well! Just wait until the bad stuff happens, then buy it. Can you see what this is going to do to the insurance industry? They'll have more people demanding payouts and they'll have no money to fund it because nobody's investing in the risk pool while they're healthy.

This is going to put massive strain on an already hurting industry. Even with the fine, it's still more worth it to just eat it and not buy insurance until you get sick or injured. The inevitable result: Government is going to have no choice but the jack up the fine or even outright make it a criminal offense not to have insurance.

And I'm not going to stop asking this question as I noticed everyone passed it by: All the people dependant on these state welfare programs, what's going to happen to them when the state finally runs out of money?