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Originally Posted by mulp
Interesting. Can you point to the State laws and regulations that require insurance companies to refuse to insure people with pre-existing and costly medical problems, and that require insurance companies to cancel the policies for people who make a lot of claims, and the requirement to deny requests and claims for coverage until after the patient dies?
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No laws required here...it's a BUSINESS. By definition, they have to calculate their risks. If your job were on the other side of a raging river would you swim across and gamble that you'd get to work alive, or would you use the bridge and insure a better chance of making money instead of failing miserably?
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Originally Posted by mulp
Such a pointer would be helpful in the upcoming elections: running attack ads featuring these laws and regulations with the names of the people who wrote, voted for, and approved them would certainly be helpful to Democrats in the fall.
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You wouldn't have to attack insurance companies if they were so stupid that they needed laws to tell them to reduce risks and increase profits. Those companies would cease to exist by paying out more in claims than they took in from premiums.
Do you honestly feel that a business should be required to provide their services to everyone, no matter the risk to the company? Should auto insurance companies be required to insure repeat drunk drivers? Or blind people?
What insurance company would see ANY profit in insuring a man with pre-existing cancer? What insurance company would want to insure a woman whose claims in year were $76,263, but her premiums only added up to $17,456 in her whole lifetime?
Insurance is a BUSINESS, not a right. Why doesn't McDonald's sell their Big Macs for less money that they cost to make? Why doesn't your dry cleaner just charge you for the chemicals, but give you the labor for free? Why doesn't the shoe store only sell shoes that everyone in every income bracket can afford?
Why would any half-intelligent person think that if a business doesn't operate at your sole convenience, it must be because it's the law, not because it's good business sense?