Wednesday, July 6, 2011

Will private health insurance companies become more competitive now that the Health Care plan has passed?

Or will they want a bail out, so that they can continue their monopoly?
--------------------
Maybe the ultra rich? But do they even need insurance? Since almost everybody will be chucked into the same, soon-to-be overburdened health care system, the lack of sufficient medical resources means the ultra rich might pursue other avenues of health care. They kind of do this already through medical-tourism to places like costa rica and india. Put yourself in the insurance company's shoes. How do you compete with another competitor who is subsidized by the very people you're trying to make customers? AND the laws of the country will mandate almost every aspect of your business. Who you can and can not insure, what is or is not covered... Yep, you are soon to be out of business.
Source

No comments:

Post a Comment