Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (520915)	10/15/2009 4:24:49 PM
From: longnshort	Respond to of 1578294

I hope Pelosi fails

To: Road Walker who wrote (520915)	10/15/2009 4:47:00 PM
From: i-node	Read Replies (1) \| Respond to of 1578294

Pelosi makes case for government-run health option And here it is, in Pelosi quotes from the article: "The need for a public option is very clear" "Anyone who had any doubts about the need for such an option need only look at the behavior of the health insurance industry this week," Pelosi said. "The idea that we would have health insurance reform without a public option becomes less likely." "There are some things we'd like to see happen to the insurance companies that they might not like" "If you are going to mandate that people must buy insurance, why would you throw them into the lion's den of the insurance industry without some leverage with a public option?" "I want to send our conferees to the table with the most muscle for America's middle class" Excellent job of "making the case", Pelosi.

To: Road Walker who wrote (520915)	10/15/2009 4:53:36 PM
From: longnshort	Read Replies (1) \| Respond to of 1578294

"Will a young, healthy, childless individual or couple buy health insurance costing 7.5 percent of their income, as required by Obama's health legislation?" Dick Morris asks in the Hill newspaper. "Not until they get sick. Then they can always buy the insurance, and the Obama bill requires the insurance companies to give it to them. And if the premiums come to more than 7.5 percent of their income because they are now sick, no problem. Obama will subsidize it," Mr. Morris said. "Instead, young, healthy, childless people will likely opt to pay the $1,000 fine (aka slap on the wrist) mandated in the bill. After all, even if they make as little as $50,000 a year, the fine is a lot cheaper than 7.5 percent of their income (or $3,500 a year)! "So ... these young households will not contribute to the coffers of any health insurance company until they are sick and need the coverage. By then, their costs will come to vastly more than their premiums. "Who will subsidize the difference? We will. "The insurance industry estimates that the bill will drive up premiums for the average family by $1,700 a year. By the time the bill takes effect in 2013, it estimates that the average annual family health insurance premiums (now $12,300) will rise to $17,200 if the Obama bill is passed, but only to $15,500 if it is defeated. "And who do you think the voters will blame for the hike in their premiums? The Democrats who passed the bill. "Supporters of the bill are quick to counter that greater efficiency, etc., will hold down premiums. But they have little to answer the argument that, without higher fines, the young and healthy will not consent to pay an arm and a leg for insurance they don't need."