IS CATASTROPHIC HEALTH INSURANCE MAKING A COMEBACK? Here’s your better health insurance plan, Mr. President.

This is the first time I've seen catastrophic coverage proposed in any major media source. I believe it was also brought up in the president's health care summit by Rep. Paul Ryan and immediately poo-poo'd by the President, arguing essentially that Americans were too dumb to understand the concept of catastrophic coverage.

He may be right, since in his rebuttal by analogy, he seems to indicate that he himself doesn’t understand the difference between collision coverage and liability coverage.

The American people are smarter.