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| Economy |
| 10 ways insurance companies will get out of reforming |
| 2010-04-02 |
| Posted by:Frozen Al |
| #5 The article and Obamacare are both the result of the Left and populists not understanding how markets work. A bit more accurate. |
| Posted by: Pappy 2010-04-02 23:11 |
| #4 What will happen is what has already happened in Australia where we have a very similar system to Obamacare. Insurance companies become more inefficient because their costs and charges are government regulated, and the government can't allow them to go bust, while they market/differentiate themselves through gimmicks like subsidized 'therapuetic' massage. The article and Obamacare are both the result of the Left not understanding how markets work. The more you regulate anything, the more the focus of the companies changes from providing the most goods and services for the least cost, to complying with regulations, irrespective of cost. |
| Posted by: phil_b 2010-04-02 22:23 |
| #3 I dunno, Halliburton,this all sounds pretty plausible to me. Put it this way, the insurance companies would not be acting as 'good stewards' of the shareholders investments if they did NOT do at least most of these things, especially since after 2014 they will be functionally just a branch of government, or at most a regulated utility. The deck is stacked against them and they are going to be the 'fall guy' for the government, so they might as well do what they are going to be blamed for anyway. |
| Posted by: Glenmore 2010-04-02 21:38 |
| #2 I've been in the insurance business for 25 years, and the time it took to type the first sentence of this article in longer than the author spent investigating this. It's nonsense on stilts, or perhaps just the canned article with "insurance" as the topic rather than "torture", "military", "Israel" or whatever else is the flavor of the week. I was surprised there was no discussion of "capsizing". |
| Posted by: Halliburton - Mysterious Conspiracy Division 2010-04-02 21:33 |
| #1 The Washington Independent wouldn't settle for less than anything but single-payer. |
| Posted by: Pappy 2010-04-02 20:01 |