Most Americans oppose health law but like provisions

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35. Since the 1990s, at least eight states have overhauled their insurance laws

http://transcripts.cnn.com/TRANSCRIPTS/1206/23/hcsg.01.html

So, why does this all matter? I want to tell you a story. I think this is an important context. Since the 1990s, at least eight states have overhauled their insurance laws.

Kentucky is a typical example. In 1994 its new law told insurance companies you have to cover everyone even if they're chronically sick. You can't charge them too much money. Well, it's the same as Obama care but in Kentucky, there was no mandate.

Think of it like this. What if no one bought car insurance until their car was already wrecked on the side of the road? Insurance companies, car insurance companies probably couldn't last and that's pretty much what happened in Kentucky.

Before that law in Kentucky, there were 43 companies selling individual insurance policies. Seven years later there were two. And the law had to be changed, overhauled. It was much the same way in the other states as well.

If the Supreme Court strikes down just the mandate, the whole country now will be in that same boat. Of course, the court could also strike down the entire law or they could leave the entire law intact. Whatever it is, we're going to dig into it next week.