No, the analogy in the software business would be a company that made money by not delivering software that people bought to run their business.
Insurance does make money off of investing premiums, no doubt about it. But if that was primarily what it did, then it would be a bank, not insurance. What is the function of insurance? Insurance is there to pay out money to people who have bought policies. They have a primary business duty to bring in more money and pay out less and that is just the reality of the business. I'm not saying its evil or anything, I'm just saying that if you are depending on it for something that is relatively routine (like healthcare) then its not a good model from a consumer perspective. Do we accept banks having departments set up to tell you that you can't have your money? They take deposits and make money off of investing it. The difference with the insurance industry is that they are potentially on the line for more than your deposits. So they have developed extensive setups to make sure that that doesn't happen. That's their job and that's fine. But it is what it is. Judah On Mon, Feb 16, 2009 at 1:37 PM, Gruss Gott <grussg...@gmail.com> wrote: > >> Judah 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). >> > > That's totally untrue. > > Insurance makes money off of investing premiums. Paying out is a cost > of doing business like any other business has to pay for computers, > buildings, etc. > > That's like saying software development is fundamentally flawed > because they only make money when they don't have to buy computers. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:288720 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
