As a true capitalist, I see no further legitimate purpose for health insurers.
All insurance companies are a form of legalized gambling that we tolerate only when it is socially beneficial. (Our modern society no longer has a 'barn raising' tradition to replace a neighbor's building in the event of a fire.)
So, like good capitalists, we pool our money and charter insurance companies to hold the bet. However, they are not permitted to take advantage of their role; since they are essentially casinos that can easily harm their customers.
That is why every state has an Insurance Commissioner.
Health insurance companies are currently keeping 30% of the take for themselves. They have breached the public trust. They employ over one half million persons that do not provide a good or service that BENEFITS the household. They are obsolete; and they know it.
They are putting up quite a fight. Why are right thinking Republicans on their side?
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2 comments:
Because it is a free society.
So the proposal to allow purchase across state lines...Nothing, no credit at all?
The proposal and support of HSA's, even a little?
Believe me, I am no fan of insurance companies but the knots are tied by the government.
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