Nothing is better at illustrating this principle of Obamacare than Obama's own bizarre story of his ignorance over car insurance. From the Thursday Health Care Obama-Talk-Fest:
When I was young, just got out of college, I had to buy auto insurance. I had a beat-up old car. And I won’t name the name of the insurance company, but there was a company — let’s call it Acme Insurance in Illinois. And I was paying my premiums every month. After about six months I got rear-ended and I called up Acme and said, I’d like to see if I can get my car repaired, and they laughed at me over the phone because really this was set up not to actually provide insurance; what it was set up was to meet the legal requirements. But it really wasn’t serious insurance.
Now, it’s one thing if you’ve got an old beat-up car that you can’t get fixed. It’s another thing if your kid is sick, or you’ve got breast cancer.
Now, there's all sorts of lessons here. Like why was Obama paying monthly payments for insurance, instead of 6 month or yearly payments? Or why he would buy insurance that wasn't really insurance, or why he didn't know that the legal requirements would only be for liability coverage. Or that if someone hits your car, you are supposed to call THEIR insurance company.
But the real lesson is this. The guy bought what, by his own admission, was a "beat up old car". No doubt, if he had bought collision, his deductable would be higher than the value of the car. Probably he was lucky not to have collision insurance, since it would never pay off on his clunker.
But Obama's message was this: "Now, it’s one thing if you’ve got an old beat-up car that you can’t get fixed. It’s another thing if your kid is sick, or you’ve got breast cancer." In other words, he is saying that he was stupid not to have collision insurance that wouldn't really pay off, and that someone should have forced him to buy useless insurance, just like they forced him to buy liability insurance.
And likewise, Obamacare will force us to buy insurance we don't need, like coverage for your sick child when you don't have children, or coverage for breast reconstruction for men.