Wednesday, August 19
Health Insurers are Horrible Capitalists
Yeah Joe Scarborough is rendered speechless when Representative Weiner (did you know he was Jon Stewart's college roommate?) makes the point that insurance companies do not provide a commodity and are really, really bad capitalists.
If I paid Joe Scarborough 600 dollars in June to clean my house for a year, and in late August he decided he wouldn't do it anymore because all of a sudden my kids are home and the house NEEDS more cleaning than it did in the summertime, I could SUE him for my money back. Insurance companies that drop coverage when their customers actually use their product, whether it's home or health insurance, are building the worst ill-will possible against their industry.
I know a guy who called his homeowner's insurance company to find out IF he should file a claim for some damage, and immediately after that INQUIRY, where no claim was filed, his insurance was dropped. Really. If you're selling a product that you then STEAL back when the purchaser uses it, you are not a capitalist you are a thief. That's not insurance.
Ill-will against the insurance industry is where we need to go with this debate. They're cheating their customers. They have a MONOPOLY in most states in which they operate. And they do not provide a product like a car or a frozen pizza, where a cheaper quadruple by-pass is available for poor people. Joe didn't want that complicated point brought into the debate on his show, so he clutched his pearls and went to commercial.
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