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:288689
Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm
Unsubscribe: 
http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5

Reply via email to