- Aug 4, 2000
A long time ago they had reasonsonble limits on coverage and didn't cover basket cases. Most importantly there was a $1m cap on losses they would sustain.Yeah, I remember the glory days before the ACA when insurance companies could drop cancer patients for any or no reason. Crazy how commie dems crammed it through when everything was totally fine. I assume because they wanted to take away our freedom.
Now they ate required to bear unlimited losses as its illegal to put a max on policy coverage amounts. Which is why now you pay the first $3000 or more in losses before they pay a damn dime.
Thanks Obama! Hopefully we can fix this boondoggle one day.