Capitalism *will* work, if the government do-gooders can stay out of
it.
Capitalism works very well, provided that there are two
things: 1) competition. Plenty of it. Two-three major
players isn't really enough. 2) Reporting. If nobody's
looking and reporting on the truth of how the
] sing it again, Sam
LarryT wrote:
You wrotefirst responsibility is to its bondholders, its second to
its shareholders, then (a distant third) to policyholders
Not necessarily, IMO. If the policyholders are treated poorly they
will go elsewhere, if enough are treated poorly -
That's the whole
Man
Sent: Tuesday, September 22, 2009 9:25 PM
To: Mercedes Discussion List
Subject: Re: [MBZ] sing it again, Sam
RLE wrote:
Since you have been preaching this sermon for MANY months now, how
about telling how you came to this conclusion. H?
The concept of insco is based in fraud. Get plenty
Meade: Take a look at your homeowner's policy. Does it cover you if you slip and
fall, or does it only cover you from getting sued by somebody else who slips and
falls?
I like HSA as a tax planning vehicle, and think that the only logical use for
insurance is to cover expenses that you can't
Alex Chamberlain wrote:
It's a puzzle to me why a free-market approach to insurance
has produced such a broken system.
You and I must have a very different definition of 'free market' if you think it
describes the present situation in health insurance. We've even altered our tax
code to
... They
could be HORRIBLE but as long as I don't actually need them I'll never know.
I've heard that Geico is terrible for denying claims but people go to them
every day.
-Curt
Date: Tue, 22 Sep 2009 20:36:23 -0400
From: LarryT l02tur...@comcast.net
Subject: Re: [MBZ] sing it again, Sam
To: Mercedes
On Wed, 23 Sep 2009 05:55 -0700, Curt Raymond curtlud...@yahoo.com wrote:
My health insurance is through my employer, I can't change it...
You could decline it and buy an individual policy. Hopefully your employer
would give you credit for what they would otherwise pay. Some will, some wont.
: Wednesday, September 23, 2009 8:49 AM
To: Mercedes Discussion List
Subject: Re: [MBZ] sing it again, Sam
Meade: Take a look at your homeowner's policy. Does it cover you if you
slip and fall, or does it only cover you from getting sued by somebody
else who slips and falls?
I like HSA as a tax
--
From: Alex Chamberlain apchamberl...@gmail.com
Sent: Wednesday, September 23, 2009 12:16 AM
To: Mercedes Discussion List mercedes@okiebenz.com
Subject: Re: [MBZ] sing it again, Sam
On Tue, Sep 22, 2009 at 5:36 PM, LarryT l02tur...@comcast.net wrote:
You wrotefirst responsibility
On Wed, Sep 23, 2009 at 2:21 AM, Mitch Haley m...@voyager.net wrote:
Alex Chamberlain wrote:
It's a puzzle to me why a free-market approach to insurance
has produced such a broken system.
You and I must have a very different definition of 'free market' if you
think it describes the present
Max wrote:
So you have a doctorate in statistics
You might have that doctorate in statistics, but not me.
I don't need that type of book learnin' to see that a for profit
company that makes money hand over fist is a racket. AIG? - c'mon.
mao
___
I was using free market in a very general sense simply
to mean a situation where there is *some* competition and *some*
choice for the consumer, rather than (say) a single
government-directed insurance provider (as is the situation with
respect to health insurance in most Western countries).
Mountain Man,
time to take you to task on your ramblings.
First of all it was not the AIG Insurance division who brought down
the world economy. An analogy would be to blame GE turbine/motor
building division for the loaning practices of GE Credit. Yes, the is
one Chairman but GE still builds
mbforme wrote:
First of all it was not the AIG Insurance division who brought down
the world economy.
You are correct - I never made that claim, nor came near making that
type of claim. My claim about insco goes deeper more years than the
past 2 years. In principle, the practice is
the seed money to get
started come from?
-Curt
Date: Mon, 21 Sep 2009 23:41:48 EDT
From: relng...@aol.com
Subject: Re: [MBZ] sing it again, Sam
To: mercedes@okiebenz.com
Message-ID: c5d.592c4e79.37e9a...@aol.com
Content-Type: text/plain; charset=iso-8859-1
...Insurance is a racket, you know
do pretty well as
its expenses would be so much lower and there wouldn't be the drive to
provide profit to the investors. The problem is where does the seed money
to get started come from?
-Curt
Date: Mon, 21 Sep 2009 23:41:48 EDT
From: relng...@aol.com
Subject: Re: [MBZ] sing it again
Mountain Man said:
...Insurance is a racket, you know.? It is an organization that makes it
look like it is helping, but only skrews with anyone, and everyone.
They take, take, take premiums in the guise that someday something
*might* happen and then they run and hide when it does
Our major insurance company here, Blue Cross/Blue Shield, is a non-profit.
Mike LaFleur
From: Curt Raymond curtlud...@yahoo.com
To: Diesel List mercedes@okiebenz.com
Sent: Tuesday, September 22, 2009 9:48:04 AM
Subject: Re: [MBZ] sing it again, Sam
Pretty
On Tue, 22 Sep 2009 08:31 -0700, Alex Chamberlain apchamberl...@gmail.com
wrote:
I'm with Curt and Mao here. A for-profit insurance company is by
definition broken from the policyholder's point of view. Its first
responsibility is to its bondholders, its second to its shareholders,
then (a
]
On Behalf Of Michael LaFleur
Sent: Tuesday, September 22, 2009 11:40 AM
To: Mercedes Discussion List
Subject: Re: [MBZ] sing it again, Sam
Our major insurance company here, Blue Cross/Blue Shield, is a non-profit.
Mike LaFleur
From: Curt Raymond curtlud
Lowered administrative costs based on a simplified management structure and
more importantly not having a ton of people whos whole job is to deny claims...
-Curt
Date: Tue, 22 Sep 2009 09:55:54 -0400
From: Allan Streib str...@cs.indiana.edu
Subject: Re: [MBZ] sing it again, Sam
To: Mercedes
On Tue, Sep 22, 2009 at 9:43 AM, Allan Streib str...@cs.indiana.edu wrote:
On Tue, 22 Sep 2009 08:31 -0700, Alex Chamberlain apchamberl...@gmail.com
wrote:
I'm with Curt and Mao here. A for-profit insurance company is by
definition broken from the policyholder's point of view. Its first
: [MBZ] sing it again, Sam
Mountain Man said:
...Insurance is a racket, you know.? It is an organization that makes it
look like it is helping, but only skrews with anyone, and everyone.
They take, take, take premiums in the guise that someday something
*might* happen and then they run and hide when
LarryT wrote:
You wrotefirst responsibility is to its bondholders, its second to its
shareholders,
then (a distant third) to policyholders
Not necessarily, IMO. If the policyholders are treated poorly they will
go elsewhere, if enough are treated poorly -
That's the whole beauty of the
] sing it again, Sam
To: Mercedes Discussion List mercedes@okiebenz.com
Message-ID:
f7b6bd1a0909221452o371459d6t45683faf4a2e8...@mail.gmail.com
Content-Type: text/plain; charset=ISO-8859-1
On Tue, Sep 22, 2009 at 9:43 AM, Allan Streib str...@cs.indiana.edu wrote:
On Tue, 22 Sep 2009 08:31 -0700
RLE wrote:
Since you have been preaching this sermon for MANY months now, how about
telling how you came to this conclusion. H?
The concept of insco is based in fraud. Get plenty of people paying
premiums for miniscule events that rarely payout, payout a few, keep
the change. Read the
On Tue, Sep 22, 2009 at 5:36 PM, LarryT l02tur...@comcast.net wrote:
You wrotefirst responsibility is to its bondholders, its second to its
shareholders,
then (a distant third) to policyholders
If *any* company wants to be of value to their shareholders (who are the
owners of the company)
...Insurance is a racket, you know. It is an organization that makes it
look like it is helping, but only skrews with anyone, and everyone.
They take, take, take premiums in the guise that someday something
*might* happen and then they run and hide when it does happen
Since you
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