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To: AK2004 who wrote (129185)3/5/2001 4:01:49 PM
From: Road Walker  Read Replies (3) | Respond to of 186894
 
Albert,

re: "the result is completely opposite. Individual policies are subject to anti-selection and hence would be priced much higher to reduce the risk. Insurance companies would require more profit to achieve same risk/reward ratios. Add extra distribution costs and your price is through the roof."

Wrong. You are looking at a system that took years to evolve into it's current level of inefficiency.
Interjecting an employer into the middle of a buyer/seller decision will automatically make the product less conforming to the needs of the end user. It will have stuff the consumer doesn't want to pay for, and won't have stuff he is willing to pay for. And that makes it more expensive.

When 100 million purchase decisions are based on the best cost/value equation, the product will by necessity improve.

Why do you think our medical insurance / medical treatment system is so expensive and so inefficeinct?

BTW, Dick Chaney is in the hospital emergency room with chest pain.

John