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Politics : View from the Center and Left
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To: Lane3 who wrote (134585)3/24/2010 12:36:48 PM
From: TimF  Read Replies (1) of 542861
 
When your talking about "the structural flaw" are you talking about of health care insurance in the US general, or are you only examining the specific point of "pulling the rug our from under policy holders"? Or perhaps you consider the pulling the rug out issue to be common enough and severe enough to be the central problem with health care insurance in the US?

As long as companies have to compete, the motivation is there. How else would a company compete other than price?

Price is obviously a major component of the competition. But reputational effects matter to. If a company gets a reputation for dropping customers when they need it, than even if they can get away with it in terms of not being sued or prosecuted for fraud, or otherwise forced to restore coverage or pay a government or arbitrator assigned penalty, they still face a risk of losing business. If you become known for selling worthless products you lose your customers.
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