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Hume: Idea of Insurance Is Not to ‘Purchase the Coverage After You’re Already Sick’

‘In the automobile insurance market, if you could wait till you had a wreck and then buy insurance and have the repairs cover, that’s comparable to what we’re doing here’
By Grabien Staff

NEEDHAM: It takes away that dis-incentive, but it actually keeps the federal subsidy for the Medicaid expansion population. And so Zeke’s not being entirely fair on that point.

HUME: And -- and remember this, Chris, the triumph of ObamaCare is this coverage for pre-existing conditions, which basically defeats the whole idea of insurance, which is -- for example, in the automobile insurance market, if you could wait till you had a wreck and then buy insurance and have the repairs cover, that's comparable to what we're doing here.

EMANUEL: But, Brit, if I have cancer --

HUME: Let me finish. Hold on, let me finish. Can I please finish?

WALLACE: We’ve got 90 second (ph).

HUME: The idea of insurance is that you purchase it to guard against risks and things that may occur in the future. It's not that you purchase the coverage after you’re already sick.

EMANUEL: But if --

HUME: So that -- so once -- once that idea is gone, ObamaCare is essential it remains.

WALLACE: You’ve got -- you’ve got 20 seconds.

EMANUEL: If I have cancer, through no fault of my own, I didn’t hit a car, I need to have insurance to cover me. This bill does nothing for those people. It only makes the price of their insurance ever higher. Cancer patients and patients with multiple sclerosis, Alzheimer's disease get completely --

WALLACE: Gentlemen --

EMANUEL: Written out of coverage by this bill.

WALLACE: We are -- we are not going to settle this. And, guess what, we don't have to because we’re going to have more time to talk about it. But let's bring you all back and have the conversation.

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