So you are in favor of nationalizing, not just the health insurance
companies, but also life insurance and automobile insurance? Your logic
would apply to them as well. Or if not nationalize, make them provide
the same coverage to everybody for the same cost. For life insurance you
should pay the same premium if you are 24 or 64, smoke or not smoke,
have a preexisting condition (i.e. Stage 4 cancer). And your auto
insurance should be the same, independent of your age (Boy would I have
liked that when I was 21!) or driving record.
[email protected] wrote:
On Wed, Sep 9, 2009 at 7:52 PM, Jeff Miles<[email protected]> wrote:
Exactly. Insurance companies are nothing but a bunch of crooks. And
while some people want to defend these crooks when they have no vested
interest is totally beyond me.
Of course, an awful lot of those opposed to change do, in fact, have
vested interests in insurance companies. I think that is the big
elephant in the room that does not want to get talked about. Many
folks make a lot of money when insurance companies carry on exactly as
Obama described tonight. To tighten up on them would decrease the
profitability for stockholders.
Additionally, insurance companies provide the underwriting for many
big construction projects such as hotels, shopping centers, urban
renewal projects, etc. Money tied up in those projects wants to see
that insurance companies remain quite profitable. They do not care
how much those who are insured get ripped off as long as the
profitability of the insurance companies remains high. I need not
even mention how much money our politicians get from insurance
companies. As always, to find the answer, just follow the money.
Steve
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