"Policy Wonk" Paul Ryan Doesn't Understand How Insurance Works
March 11, 2017
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8:19Now Playing"Policy Wonk" Paul Ryan Doesn't Understand How Insurance Works
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as posted by the channelSomeone tell Paul Ryan to Wikipedia search “Insurance.” Cenk Uygur, John Iadarola, Ben Mankiewicz, and Judah Friedlander, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
"Speaker Paul Ryan (R-WI), the Great and Knowledgeable Policy Wonk and Wise Knower of Many Things About Health Care, has no idea how insurance works.
The Great Wonk’s poor grasp of one of the most basic financial instruments was clear after a Power Point presentation he gave Thursday advocating for the House GOP’s embattled health care bill.
The problem with Obamacare, Ryan claimed in this presentation, is that “the young healthy person is going to be made to buy health care and they’re going to pay for the person who gets breast cancer in her 40s or heart disease in their 50s.” He then pointed to a pie chart showing a thin red slice cut into a larger blue pie.
The red slice here are what I would call people with preexisting conditions. People who have real health-care problems. The blue is the rest of the people in the individual market — that’s the market where people don’t get health insurance at their jobs where they buy it themselves. The whole idea of Obamacare is the people on the blue side pay for the people on the red side. The people who are healthy pay for the people who are sick.
Well, yes, that is the whole idea of Obamacare. It’s also the whole idea of any form of insurance of any kind whatsoever.”*
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Hosts: Cenk Uygur, John Iadarola, Judah Friedlander
Cast: Cenk Uygur, John Iadarola, Judah Friedlander
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