Aside from Hurricane Sandy we’re also talking about Typhoon Obamacare, and as I mentioned I take absolutely no pleasure in reporting because I’m rooting for this president to succeed even though he’s stuck-up and snobby and everything else. I want him to succeed because when he succeeds we all succeed.
But today we’re getting word that contrary to what the president told us repeatedly, at least 2 million policy holders will not be able to hold on to their current policies because those policies are inadequate under the requirements of the new law. Which means those 2 million policy holders are now required to go out and get new and usually much more expensive insurance.
So you have 2 million canceled policies which is about three times the number of people who signed up for Obamacare. So far, I think ‘disaster’ is a good way to characterize it.