President Obama talking about his car insurance as a young man in Illinois:
The transcript:
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.
What our freaking president - the man in charge of reforming health care - does not understand, and this is a tad worrisome, is that he had liability insurance at the time and not collision insurance. That's why they laughed at him - because he didn't have the coverage.
That's assuming this fairy tale is even true, which I guarantee it is not.
Regardless, to tie his poor auto insurance decision into health insurance for sick kids and cancer victims is disingenuous at best.
