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Re: Medical records and insurability
Old 04-09-2007, 11:43 AM   #21
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Re: Medical records and insurability


Originally Posted by FIRE'd@51
The problem with this argument is that these "bad" state laws and regulations apply to all other insurance companies who issue Individual Insurance policies, not just MOH. So that means anyone who buys an Individual Insurance policy faces the risk that their carrier will choose to go the same route as MOH. How can one ever have "peace of mind" living under that threat?
Point taken! I guess you can't! I guess my biggest point here is that people are so quick to blame the "evil" insurance companies for leaving the market, when in all actuality, they would have stayed in the market if they could continue to be profitable. Too much regulation forces mandates on these carriers that makes it unprofitable to continue to do business, yet we blame the insurance company for leaving when we should be blaming the legislators for irresponsible legislation. Would you continue to invest in an investment that causes you to lose money just for the common good?

The only thing we can do is encourage our legislators to stay away from "community rating" and/or "price controls", and the the problem won't occur in the first place! I mean, the very problem this legislation is supposed to solve eventually hurts more people than it helps! The short-sightedness always amazes me.

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