We’re gonna be your insurance company, see?
In today’s Wall Street Journal:
The Health Insurance Mafia
By JONATHAN KELLERMAN
You don’t need to be an economist to understand that any middleman interposed between seller and buyer raises the price of a given service or product. Some intermediaries justify this by providing benefits, such as salesmanship, advertising or transport. Others offer physical facilities, such as warehouses. A third group, organized crime, utilizes fear and intimidation to muscle its way into the provider-consumer chain, raking in hefty profits and bloating cost, without providing any benefit at all.
The health insurance model is closest to the parasitic relationship imposed by the Mafia and the like.
April 15th, 2008 at
Makes sense. If you don’t pay your monthly insurance bill, the hired thugs come to break your legs (add a little more misfortune on top of those narrow shoulders)
Oh…oh, you’ll sign the health coverage contract. Do that, and we promise you won’t have to find out what your left ball tastes like.