You make a good point, but wouldn't that be the case no mater who was running the show? I mean if we had gov't funded insurance, wouldn't they ultimately have to do the same thing and not just hemorrhage cash?
On Mon, Feb 16, 2009 at 3:15 PM, Judah McAuley <ju...@wiredotter.com> wrote: > > Insurance is a fundamentally flawed industry. There is an essential > conflict inherent to the business that makes it a poor choice for > people to rely upon when in the hands of private companies (and to > some extent government as well). > > The fundamental conflict is this: The way they make money is by not > providing the service that they sell. > > They exist to pay claims made by people that have bought the > insurance. However, the more claims that people make, the less money > the company that sold it makes. So inherently they need to try and not > pay out claims as much as possible. But if they aren't paying out > claims then the reason that people got insurance in the first place is > moot. > > I try to be in businesses where the more money a client makes, the > more money I make. The more they use my service, the happier we both > are. Insurance is the exact opposite of that. > > Keep that in mind when thinking about public versus private insurance > and how the system ought to work. > > Judah > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:288694 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
