The President’s Understanding of Insurance
From a recent sit-down with the NYT:
TRUMP: But what it does, Maggie, it means it gets tougher and tougher. As they get something, it gets tougher. Because politically, you can’t give it away. So pre-existing conditions are a tough deal. Because you are basically saying from the moment the insurance, you’re 21 years old, you start working and you’re paying $12 a year for insurance, and by the time you’re 70, you get a nice plan. Here’s something where you walk up and say, “I want my insurance.” It’s a very tough deal, but it is something that we’re doing a good job of.
I fear that even the most academic response to this quote is: WTF?
If one reads the context of the quote his is clearly talking about the entire repeal and replace debate.
He seems to be describing simple life insurance, not health insurance.
He made a similar statement to The Economist earlier this year:
Insurance is, you’re 20 years old, you just graduated from college, and you start paying $15 a month for the rest of your life and by the time you’re 70, and you really need it, you’re still paying the same amount and that’s really insurance.
These type of statements seem to confirm that he does not have any idea what he is talking about, and therefore it is impossible to take him seriously on this topic.
The best theory I have seen is that he is basing this on a commercial for life insurance for babies that airs on FNC: Did Trump’s bizarre idea that health insurance costs $12 a year come from this Fox News commercial?