Some of these policies were, in fact, substandard, meaning that they barely covered a day in the hospital. But the "solution" to the situation was not to dismantle in one fell swoop the entire health care system that constitutes 1/6 of our economy. The securities industry has a "Know Your Customer" rule that works quite well to prevent risky stocks from being sold to little old ladies. The annuities segment of the life insurance industry has a similar standard. (Indeed, Glenn Neasham went to prison for selling an annuity to an 84-year old woman with dementia.)http://www.elderlawanswers.com/insurance-agent-given-jail-ti...The mortgage industry is about to introduce the "Qualified Mortgage," which will initially impede the housing recovery but may avoid another 2005-2006 meltdown. Remains to be seen.http://www.bankrate.com/finance/mortgages/new-mortgage-rules...Point is, it's the Librul Way to never let a catastrophe go unexploited if it means the populace can be further controlled through oppressive laws. Instead of concentrating on job creation, Baracky spent nearly his entire first year in office ramrodding his so called "Affordable" Care Act to eliminate what HE perceives to be health insurance coverage that kicks in only if an illness ruins your life (catastrophic coverage), not your month or your year.
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