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For anyone who is against government regulation... this is another perfect example of the kind of perverse financial incentives unregulated capitalism results i
by electrondood 4y ago
For anyone who is against government regulation... this is another perfect example of the kind of perverse financial incentives unregulated capitalism results in.
Blanket denial without consideration lowers your costs as an insurance provider, because it acts like a filter on people who care enough to appeal repeatedly.
- whatthesmack 4y agoThis is not unregulated capitalism. This is crony capitalism or corruption. It is government regulation that allows a monopoly of large corporations to remain the powerful health insurance companies they are, and ObamaCare gave them even more power. If this was a free, unregulated market, healthcare in the US would be cheaper.