Uberrima fides, a Latin phrase which mean utmost good faith. The doctrine of utmost good faith under insurance law is a principle stating that all parties entering into an insurance contract must disclose all material facts honestly as these information might affect their decision to enter into the contract. Under insurance contract, the insured and insurer must act in good faith. If the insured fail to disclose certain facts, the insurer has the right to not compensate the insured.
Obama to Sign Health Care Bill into Law
Link to Video: http://www.youtube.com/watch?v=3u5x5PCOGmk&feature=related
On 23 March 2010, President Obama signed health care bill into law. House of Representatives passed the bill that will bring near-universal coverage to a wealthy country in which tens of millions of people are uninsured. This bill will expand health care coverage for about 95 percent of eligible Americans from 83 percent. Obama said:" We are not a nation that scales back its aspirations. We are not a nation that falls prey to doubt or mistrust....Here in this nation, we shape our own destiny."
However, Republicans across country are challenging the mandate in health care bill which requires all Americans to have health insurance, charging that it is unconstitutional. Republican governor of Minnesota Tim Pawlenty claimed the mandate as "an unprecedented overreach by federal government forcing citizens to purchase a good or service for no reason then they happen to be alive or a person." Pawlenty also said "They've taken it to this big, federalized, bureaucratic, kind of nanny nation approach."
So, should the health care bill be signed into law ? which in turn requiring each individuals to buy health insurance. Well, if this mandate is beneficial to all Americans, why not? But one fact is we do not know whether does everyone in America is willing to buy the health insurance.
Sources from FOX news and abc news.
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