“Junk Insurance,” Reprise 0
Bruce Maiman looks at the “Obamacare cancellation hype” and explains that those policies that are no longer allowabale: They are like that car from Smiling Joe: Nicely washed and waxed, with sawdust in the transmission and oatmeal in the radiator, but oh so loooooow a sticker price.
A nugget:
In truth, CBS News blew it, and many of us fell for it. Did no one even bother asking in what world a $54-a-month policy buys any kind of coverage in any form of insurance? Barrette’s policy, which can be examined online, doesn’t even cover the cost of a hospital admittance fee should she fall ill. When made aware of this by, of all people, Fox News’ Greta Van Susteren, Barrette admitted she really had no idea.