Obama Plan would outlaw "New" Private Insurance?!

Thanks to @AaronKlein for pointing out this article. This is outrageous and unmasks the true intend of the Obama plan. Hopefully, this will kill it as dead as HillaryCare.

It turns out we were right: The provision would indeed outlaw individual private coverage. Under the Orwellian header of "Protecting The Choice To Keep Current Coverage," the "Limitation On New Enrollment" section of the bill clearly states:

"Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day" of the year the legislation becomes law.

So we can all keep our coverage, just as promised — with, of course, exceptions: Those who currently have private individual coverage won't be able to change it. Nor will those who leave a company to work for themselves be free to buy individual plans from private carriers...

What wasn't known until now is that the bill itself will kill the market for private individual coverage by not letting any new policies be written after the public option becomes law.

The legislation is also likely to finish off health savings accounts, a goal that Democrats have had for years. They want to crush that alternative because nothing gives individuals more control over their medical care, and the government less, than HSAs.

AIG proves why they crashed - No common sense or judgement

There is a saying that was popular a few years ago: "Common sense isn't common." And you can certainly see it at AIG, where even now, millions of dollars are being paid to executives of the division which caused AIG's collapse despite unrelenting public outcry.

The bonuses will be paid to executives at A.I.G.’s financial products division, the unit that wrote trillions of dollars’ worth of credit-default swaps that protected investors from defaults on bonds backed in many cases by subprime mortgages.

The bonus plan covers 400 employees, and the bonuses range from as little as $1,000 to as much as $6.5 million. Seven executives at the financial products unit were entitled to receive more than $3 million in bonuses.

Clearly, it is time for the Federal government to stop simply playing the "carrot" of bailout money. It is time to also bring out the "stick" and begin prosecuting executives who caused these monumental collapses. If they want million dollar bonuses and AIG can't stop them, fine. But they had better be ready to pay out the bonuses as fines and in civil lawsuits.

Release the hounds, Mr. President.