Skip to main content

View Diary: Senate Dems could blow this (283 comments)

Comment Preferences

  •  They can't arbitrarily set prices. (0+ / 0-)

    They have to compete with each other.  An insurance company that sets rates that are not related to the expectation of actual costs would soon go out of business.

    They need the high risks, AND the high costs.

    Insurance makes the most sense when covering losses that would result in life altering costs.   That threshold would be different for different people.  

    This is one reason why insurance companies have such a hard time selling "extended warranties".    Only a fool would by an extended warranty on a product they can afford to replace.   Its just a handout to the retailer.

    Religion gives men the strength to do what should not be done.

    by bobtmn on Wed May 06, 2009 at 03:11:30 PM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site