On Thu, Aug 1, 2013 at 7:40 AM, Gary Hurst <jabbahur...@gmail.com> wrote: > this to me is really the breaking point of the healthcare system as we have > it today. what is the point of any kind of insurance? to protect you from > financial ruin in case something goes south on you.
This is certainly the line that the insurance industry has been feeding us for a long time. But I've said this before and I'll keep saying it: insurance is the one product in the marketplace that everyone is required to have (i.e. car liability insurance, plus soon health insurance), but that the seller is not required to provide in exchange for the buyer's money. In order to maximize shareholder profit, insurance companies must minimize the claims they pay out while continuing to raise premiums. A Marxist will tell you that's how all of capitalism works (take as much money as possible, give as little in return). I am the farthest thing from a Marxist--still, something's wrong with a system where people are legally mandated by the state to do business with companies whose business model is explicitly to, as often as possible, avoid providing the service that they've contracted to provide. Alex _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
