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View Diary: My twitter message to Aetna's CEO, or suffering can be a 2-way street, Mr. Bertolini (122 comments)

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  •  Individual Insurance (8+ / 0-)

    originated with community mutual aid organizations.  There were few "for profit" insurance companies except for large businesses.  Gradually, over time, those Mutual Insurance companies (which paid dividends to their members by the way) all became transformed to for profit corporations because their was just too much money to be made to allow them to continue as they were intended to operate: non-profit cooperative enterprises whose primary purpose was to serve their members.

    "If you tell the truth, you'll eventually be found out." Mark Twain

    by Steven D on Thu Nov 15, 2012 at 09:21:13 AM PST

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    •  There's still some (1+ / 0-)
      Recommended by:
      stormicats

      USAA is a good example. I get a dividend every year back on my auto insurance. Of course, I set up that dividend to roll right back into the next year's premium, but the point remains. But I agree, it's hard to find a true mutual these days.

    •  Indeed; but sometimes you must take down the tree (0+ / 0-)

      to save the house....Even so, at least one ins. co. with a mutual fund (State Farm) is knee-deep in ALEC.

      "Reagan proved deficits don't matter" - Dick Cheney

      by chmood on Thu Nov 15, 2012 at 11:04:30 AM PST

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