Does Trump know the difference between health insurance and life insurance?

President Trump.
(Image credit: Michael Reynolds - Pool/Getty Images)

President Trump's explanation of health insurance in a recent interview with The New York Times raised some questions about his basic understanding of how health insurance functions. Here's Trump on why "pre-existing conditions are a tough deal":

Because you are basically saying from the moment the insurance, you're 21 years old, you start working and you're paying $12 a year for insurance, and by the time you're 70, you get a nice plan. Here's something where you walk up and say, "I want my insurance." [President Trump, via The New York Times]

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