8 ms·
If this were actually true then word would get around quickly and insurance companies would lose business as honest rivals emerge. (Hint: This hasn't happened.
by declan 13y ago
If this were actually true then word would get around quickly and insurance companies would lose business as honest rivals emerge. (Hint: This hasn't happened. Because it's not true.)
See, from a cancer patient writing three days ago who had her insurance canceled because of Obamacare:
http://online.wsj.com/news/articles/SB10001424052702304527504579171710423780446 http://online.wsj.com/news/articles/SB1000142405270230452750...
"The second element essential to my fight is a United Healthcare PPO (preferred provider organization) health-insurance policy. Since March 2007 United Healthcare has paid $1.2 million to help keep me alive, and it has never once questioned any treatment or procedure recommended by my medical team. The company pays a fair price to the doctors and hospitals, on time, and is responsive to the emergency treatment requirements of late-stage cancer. Its caring people in the claims office have been readily available to talk to me and my providers."
- DigitalJack 13y agoIt's true and they all do it. Usually under the guise of "preauthorization."
- DanBC 13y ago> then word would get around quickly and insurance companies would lose business as honest rivals emerge. I can never tell if someone actually believes the free market opinion they give, or if they're parodying stuff other people say. People buy insurance by price. Insurers cut price by not paying out.
- declan 13y agoPeople buy life insurance based on price. Whether you're alive or dead isn't generally difficult to establish. People buy other types of insurance based in part on price and in part on reputation. There are plenty of discussions (I've participated in some) about how insurance company X is too difficult to deal with, and insurance company Y is better when your car is totaled, etc.