Wrap your head around the evolution of fine print if you can.
“Lack of transparency” is double speak for a contract’s “fine print.” Interestingly, lawyers invented “fine print” but it was the modern insurance industry that turned fine print into a license to cheat. At least protection rackets run by the Mafia delivered on their promises. Not so with government health insurance. So it comes as no surprise to me that ACA INSURANCE utilized every nasty deception developed by lawyers over the centuries.
Most of the Democrats who forced the ACA on the country are lawyers. Obviously, judges like John Roberts are also lawyers. Roberts proved if the lawyers don’t get you with legislation they’ll get you in the courts.
NOTE: Johnathan Gruber is an MIT economist with the soul of a shyster. Gruber is a Harvard graduate so there is a good chance he was infected by the culture of lawyers at his alma mater. Understanding Gruber is easy when you picture an economist as ambulance chaser —— pun intended.
Very few average Americans can understand an insurance policy of any kind. Insurance companies write policies to make buyers think they are going to be covered for this or that, but when an emergency comes up the policyholder finds out that the fine print in their policy does not pay for what the customer thought they were buying.
Here is an obscene example of the government paying, but not regulating, private sector insurance companies:
Finally, Gruber might have a case for the stupidity of American voters if it was only a matter of caveat emptor. In fact, “Let the buyer beware” does not apply when the American people are being forced to purchase healthcare insurance. In the end American voters en masse are rejecting the ACA; so they might not be as stupid as Pelosi, Reid, and Gruber make them out to be.
“Lack of transparency is a huge political advantage,” says the MIT economist who helped write Obamacare. “And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical for the thing to pass.”
“Lack of transparency” is double speak for a contract’s “fine print.” Interestingly, lawyers invented “fine print” but it was the modern insurance industry that turned fine print into a license to cheat. At least protection rackets run by the Mafia delivered on their promises. Not so with government health insurance. So it comes as no surprise to me that ACA INSURANCE utilized every nasty deception developed by lawyers over the centuries.
Most of the Democrats who forced the ACA on the country are lawyers. Obviously, judges like John Roberts are also lawyers. Roberts proved if the lawyers don’t get you with legislation they’ll get you in the courts.
NOTE: Johnathan Gruber is an MIT economist with the soul of a shyster. Gruber is a Harvard graduate so there is a good chance he was infected by the culture of lawyers at his alma mater. Understanding Gruber is easy when you picture an economist as ambulance chaser —— pun intended.
Very few average Americans can understand an insurance policy of any kind. Insurance companies write policies to make buyers think they are going to be covered for this or that, but when an emergency comes up the policyholder finds out that the fine print in their policy does not pay for what the customer thought they were buying.
Here is an obscene example of the government paying, but not regulating, private sector insurance companies:
Reporting from Los Angeles and Washington — Civilian workers who suffered devastating injuries while supporting the U.S. war effort in Iraq and Afghanistan have come home to a grinding battle for basic medical care, artificial limbs, psychological counseling and other services.
The insurance companies responsible for their treatment under taxpayer-funded policies have routinely denied the most serious medical claims. Those insurers -- primarily American International Group (AIG) -- recorded hundreds of millions of dollars in profits on this business.
The insurance companies responsible for their treatment under taxpayer-funded policies have routinely denied the most serious medical claims. Those insurers -- primarily American International Group (AIG) -- recorded hundreds of millions of dollars in profits on this business.
Injured War Zone Contractors Fight to Get Care From AIG and Other Insurers
by T. Christian Miller, ProPublica and Doug Smith, the Los Angeles Times , April 16, 2009, 9:25 p.m.
Injured War Zone Contractors Fight to Get Care From AIG and Other Insurers - ProPublica
by T. Christian Miller, ProPublica and Doug Smith, the Los Angeles Times , April 16, 2009, 9:25 p.m.
Injured War Zone Contractors Fight to Get Care From AIG and Other Insurers - ProPublica
Finally, Gruber might have a case for the stupidity of American voters if it was only a matter of caveat emptor. In fact, “Let the buyer beware” does not apply when the American people are being forced to purchase healthcare insurance. In the end American voters en masse are rejecting the ACA; so they might not be as stupid as Pelosi, Reid, and Gruber make them out to be.
