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The insurance companies are betting their margins on this. If they are wrong, they will fail in the marketplace.
by bradleybuda 2y ago
The insurance companies are betting their margins on this. If they are wrong, they will fail in the marketplace.
- josephcsible 2y agoSince having insurance is mandatory, if they all charge too much, they won't fail.
- gruez 2y ago> if they all charge too much, they won't fail. What prevents one company from defecting and taking all the market share?
- bluGill 2y agoThey do not have a monopoly. There is plenty of room for a handful of companies charging too much to fail. there is also plenty of room for companies charging too little to fail.
- drawkward 2y agooh yes, please tell us about this imaginary perfect marketplace. where does it exist?
- s1artibartfast 2y agoa perfect one doesn't, but you would be just as crazy to think that no market place exists either. Insurance companies do in fact compete on rates.