A Quote by Mitt Romney

People don't want to be told what type of insurance they have to have. — © Mitt Romney
People don't want to be told what type of insurance they have to have.
The problem or the fundamental flaw of Obamacare was that they put regulations on the insurance, about 12 regulations, which increased the cost of the insurance. And so President Obama wanted to help poor, working-class people, but he actually hurts them by making the insurance too expensive to want to buy. I had someone at the house just recently was doing some work, and he said: "Oh, my son doesn't have insurance, he's paying the penalty because it's too expensive."
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.
As an actor, I get my insurance from the Screen Actor's Guild by union, and you have to make so much every year to get that type 1 insurance.
President Obama said, oh, we want to make insurance perfect for people, but he added all these regulatory mandates, made it too expensive. Young, healthy people didn't buy it, and the people remaining in the insurance pool were sicker and sicker. That's the adverse selection and the death spiral of Obamacare. And so really we do need to discuss the intricacies of what worked and what didn't work in Obamacare. And I think the better way to do this is to let individuals have the freedom to choose what kind of insurance is best for them. The government doesn't always know best.
The fundamental problem of Obamacare is the insurance mandates. When you mandate what has to be insurance, it elevates the price. And when you tell people they can buy insurance after they're sick, they will. And you get what's called adverse selection.
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 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.
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.
The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.
We confuse insurance with our moral obligation to provide health-care services to people. And what we try to do is finance our moral obligation through the insurance system, which punishes the people who are fiscally responsible to buy insurance.
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.
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.
Too many people will die needlessly if we go back to letting people buy junk insurance or insurance that doesn't help people with diseases related to mental illness.
I want to take care of everybody. I'm not going to leave the lower 20 percent that can't afford insurance. Just so you understand, people talk about Obamacare, and I told the Republicans this. The best thing we can do is nothing for two years, let it explode, and then we'll go in and we'll do a new plan and the Democrats will vote for it, believe me.
Right now in the insurance markets, we have sort of a disaster unfolding, a downward spiral, adverse selection, premiums in the individual market going through the roof. People can't afford insurance and insurance companies are losing hundreds of millions of dollars. If you repeal part of Obamacare to get rid of the individual mandate but keep some of the ideas, that people can still buy insurance after they're sick, the situation gets extraordinarily worse. And so what we're seeing now could be tenfold greater if you only repeal part of Obamacare.
Now, why would my supporters be supporting somebody who doesn't want to raise the federal minimum wage of $7.25 an hour, a starvation wage, doesn't want to do that. Why would anybody that supports me support a candidate like Trump who wants to throw millions and millions of people off of health insurance? We need to guarantee health care to all people as a right, not throw millions of people off health insurance as Trump wants to do.
This site uses cookies to ensure you get the best experience. More info...
Got it!