During a speech in the Rose Garden today, President Obama expressed his frustration regarding the problems with the healthcare.gov website developed to allow people to sign up for health insurance under the Affordable Care Act.
While President Obama acknowledged that the website was experiencing problems at the moment, he encouraged us to be patient and consider other means to enroll; e.g. by phone or in person. The main thing, he said, was to sign up, IT WILL SAVE YOU MONEY.
The President obviously doesn't understand how insurance works. EVERYONE can't save money. Everyone pays premiums and claims get paid to those who are sick. For the sick, it saves money IF and only IF their illness results in expenses that are greater than the premiums they paid. The un-sick never save money.
Monday, October 21, 2013
President: "Sign up; it will save you money"
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