veritas
OBKB
- Aug 6, 2009
- 1,760
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Sorry you can't see beyond the immediate. Like I said (multiple times), I'm looking at long-term savings. Not that either one of us will ever be proven right, as it isn't going to pass regardless.
I think it might just pass. I think its opponents think so too, or they wouldn't have resorted to telling the most easily impeachable lies as they have been.
Obama never said we were going to start saving money right off the bat, nobody did. It was always a comprehensive fix that has to absorb more people and move toward an endpoint. Nothing happens in a vacuum, it didn't help that AIG was hanging fire with all their bogus instruments and was too big to let crash. What most people don't understand is that all insurance is related and if AIG fell nobody would have health insurance or car insurance or any insurance at all, the whole house of cards would have come tumbling down, including the stock market and the entire world's markets. The majority of the money IN the stock market is insurance money gathered by people paying premiums, that's how it works. In fact, Credit Default Swaps were insurance, but not called that so the regulations on their trade were not checked or verified to assure there was the proper collateralization behind them so they wouldn't fail. They failed. Epic fail. This is big picture, complicated stuff and most people don't have the first clue.
Add to that the fact that we are more centralized as far as delivery and underwriting because health care insurance has contracted to a few large mega corps [less than 10, nation wide] and we have a veritable regional monopoly without real competition nor safeguards or alternatives. [AIG again]. People don't realize how close they are to not having insurance, period. Their arrogance about liking their situation just fine is based on a total ignorance of how the world financial system works. It's scary stuff. Instead we are bogged down on "death panel" shit from morons like Palin and Grassley.