Sunday, November 27, 2011

Remembering That Insurance Isn't Necessarily Enough

A friend picked up on this video on YouTube:

If you don't know Elizabeth Warren, it's time you did. She was President Obama's choice to establish the new Consumer Financial Protection Bureau, intended to monitor investment practices on behalf of the general public. She got the Bureau established; but when the President wanted to nominate her as its first head, Republicans in the Senate made it clear she could never be confirmed - a telling point, if one can be known by one's enemies. She is now running for the Senate herself.

Her point in this video: even those of us with insurance can be bankrupted by medical expenses. This isn't the result of any one factor. However, with all the various reasons for this, it remains a cautionary tale.  Take a few minutes to watch.

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