Posted by Warm Southern Breeze on Sunday, October 3, 2010
Historically, of course, health insurance is a relatively new thing. That is, by comparison to other types of insurance. And as once shared with me by an insurance man, “Health insurance is me saying ‘I’ll wager you stay healthy,’ and you say ‘I’ll wager I don’t.’”
As well, a retired insurance man (one whom developed a very large business and sold it years later) said to me recently, “I could not sit on a jury in an insurance company case because I’d stick it to them!“
The way I see it, is that insurance companies should be regulated to prevent the abuses such as you describe. It’s abusive not just because of unwarranted price increases, but because of the position they’re in (and have a track record of doing) to exercise control over the weak and vulnerable – those whom are sick, or need compassionate healing care.
It’s not just those members of society, either. It’s the physicians and other care providers whom also receive the short end of the stick in payments.
That’s because they’re not the class of people known as “STOCK HOLDERS” in the Wall Street traded industry called insurance.
More than anything else, it bespeaks of greed, even avarice – greed gone wild. Because human nature is to get more of the thing one loves – whether a spousal or other human relationship – when one loves money, they will do whatever it takes to get more of the object of their affection… including hurt other people. That occurs because an inanimate object cannot return love, and is an imbalanced, indeed warped, relationship.