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In your proposed scenario, I find hard to believe the insurance companies won't form a cartel, keep the prices on the low risk customers, and price out the high
by licebmi__at__ 7y ago
In your proposed scenario, I find hard to believe the insurance companies won't form a cartel, keep the prices on the low risk customers, and price out the high risk customers. Somehow I don't believe the explanation.
- deleted 7y ago[deleted]
- AnthonyMouse 7y agoForming a cartel is a violation of antitrust laws and requires no one to form an insurance company that defects from the cartel in order to make higher profits for themselves. Passing a law against the practice requires neither.