Quote:
Originally Posted by sunnyatlast
Make that "I'm always concerned about the ulterior motives of those pushing for an inferior single-payer system MONOPOLY."
As bad as you might think insurance companies are, they are regulated by the state insurance departments/commissioners and are cited, prosecuted, fined, and sometimes ordered to Cease & Desist if they or their agents commit fraud, do not pass tests of financial solvency and ability to pay all claims, or if they do not pay claims on time or in the amount stated in the policies/contracts.
Also, the consumer or employer can fire them and go with another company and package. With a government single-payer monopoly, do you really think you're going to be able to get them to cite, prosecute, fine or order themselves to cease and desist? And if you could fire them or get them prosecuted and fined, who would you go to for insurance when it's a single-payer monopoly?
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It would be interesting to hear from the elderly about how anxious they would be about firing their insurance company and going with another company at age 80, 90, or 100 plus. Any centenarians care to comment?