Many kids come out of college, they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.
As a physician and a U.S. senator, I have warned since the very beginning about many troubling aspects of Mr. Obama's unprecedented health-insurance mandate. Not only does he believe he can order you to buy insurance, the president also incorrectly equates health insurance coverage with medical care.
The premise of insurance is to spread the risk. It's the premise of homeowner's insurance, of car insurance, and of health insurance. It's one reason why it's important to have insurance when you're healthy, so that when you get sick, you won't go sign up just when you get sick, because that increases the cost for everyone.
Regardless of whether we are required to purchase medical insurance, know that we can only buy real health insurance in the produce section of the local supermarket.
The basic premise of insurance is the pooling of funds from many to cover the costs of some. There are complicated methods for how to do this, but one fact remains consistent: For insurance to work well, people need to be in and stay in the insurance pool.
The best thing that is happening with the health care is premiums will come down. We'll have tremendous competition; you know, we're getting rid of the border state lines, and we're going to have tremendous competition. We're going to have insurance companies fighting, like life insurance. You know, we - life insurance, you have these companies that are like - like going all over the place. We're going to have a tremendous - tremendously competitive market and health care costs are going to be forced down.
I want to say something in a tough-love kind of way about crop insurance. Let's face it: You don't buy insurance on your house hoping it will burn down. Neither do we want to buy crop insurance and hope our crop fails so we can file.
For people who have health insurance, we can provide health insurance reforms that make the insurance they have more secure. And we can do that mostly by using money that every expert agrees is being wasted and is currently in the existing health care system.
Providing access to a public option for health insurance would allow all Americans the choice to buy a government insurance plan, much like I buy for my family as a military retiree.
Ultimately of course, parents must take responsibility for their children's health, .. Our message must be: What you don't know about your children's health insurance options can hurt them. It's up to you to find out if your child is eligible for this health insurance.
The result was, of course, that today, tragically, more than 40 million Americans don't have health insurance, and for many, not having health insurance means they don't have access to good health care.
We can make sure that people who don't have health insurance can buy into an insurance pool that gives them better bargaining power.
We should all have the legal right to purchase health insurance from any insurance company in any state, and we should be able use that insurance wherever we live. Health insurance should be portable.
We now know that Mr. Obama lied to the American people with his pledge 'If you like your health insurance, you can keep your health insurance.'
I have a lovely light blue Kate Spade wallet. It has pockets for many credit cards, business cards, health insurance cards, and a Burke Williams card for when I want to go to the spa!
Gingrich first backed the concept in 1993, "I am for people, individuals - exactly like automobile insurance - individuals having health insurance and being required to have health insurance.
The best tool today is longevity insurance - they call it income insurance. Most people know the value of life insurance. But what if you live? So instead of trying to guess one or the other, you plan for those 20 years and you get this income insurance. If you live beyond 85, you have money that's guaranteed for as long as you live in the form of an annuity.