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Politics : View from the Center and Left
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To: Lane3 who wrote (134635)3/24/2010 1:36:38 PM
From: cnyndwllr  Read Replies (2) of 542786
 
Yes, and that's why I posted that their books are closed and the legislators they support so lavishly aren't about to make them open them or to remove their antitrust exemptions.

With respect to your main question, however, no one, NO ONE, is arguing that the insurance companies are in danger of going out of business under our current system.

What I offered was a well accepted explanation of how oligopolies price their goods or services in the absence of effective anti trust enforcement. You can choose to believe that they would price at some lower level that would not maximize their profits but if you were right we'd have to rewrite our economic and sociology textbooks.

And, by the way, have you considered how much of this nation's wealth is controlled by insurance conglomerations? They are not our poor cousins. Ed
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