September 24, 2009

Last Embassy Rocks!

I am absolutely loving The Last Embassy blog.

From the latest post:

In the Political-Economy argument of "expensive health insurance", if the term "expensive" is more related to "solvency" (Economics) than related to "Populism" (Politics), then "expensive" might be better
distinguished as funded and solvent.

Those same Private Plans are the
plans that leave no unfunded items to your children, grandchildren, and so on into the future. Why? Because they are Private Sector plans that are funded insurance plans.

Think for a moment about funded insurance plans. Real insurance plans. They do not come cheap! However, as a consumer of insurance,
you purchased health insurance, as well as other types of insurance, so that you do not leave anyone with unmanageable future obligations, including yourself.

A wise question to ask yourself is: if the three major Socialized Schemes in the United States have a current track record of being underfunded by $53 Trillion, what would be the direction of the funding/underfunding of a Socialized Medicine Scheme?

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