Wednesday, April 28, 2010

Healthcare Part 2/6

You'll be able to stay on your parent's health insurance until you're 26!

Of course, this is a moot point. First of all, if you're still mooching off your parents when you're 26, you have more than health insurance issues to worry about. Secondly, most insurance companies already let kids stay on their parent's insurance until their mid 20's - as long as the kid is in school.

In this bill is also a complete takeover of student loans. Now, most college students already probably get loans from the government, but this completely removes the option for you to get a student loan from a bank. After all, they'd be able to offer you a lower interest rate. The government will be borrowing the money at about 2%. But, they'll be loaning you the money at 6%. The difference is being used to pay for this bill, even though that will account for a fraction of the cost.

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