The practice of canceling or denying coverage because of pre-existing conditions will also come to an end, he said.
So how is he going to pay for these new regulations? Has the Congressional Budget Office informed him how much extra this will cost? Is he going to allow the private insurance companies to float their premiums up to pay for this expanded coverage? Is he going to allow the government run insurance in the public option to increase their charges? He has to if he wants to have a level playing field (wink, wink).
How much more is this going to add to the cost of healthcare that he says must be contained or it will bankrupt the country?
By the way, the government was unable to sell its bonds and had to sneak out the back door to buy them from a beard at night. So the government is now selling its bonds to itself which is called monetizing the debt. This healthcare debate might be ended on Wall Street.
