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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (160008)10/25/2008 1:21:15 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
Gee Grace, I like to think that I KNOW private insurance companies, which are for profit enterprises. Because of this they will do their best for their officers and shareholders.
It really doesn't matter WHAT they are insuring.

What does that translate to in the free market? Attempting to sell all their insurance to the people that least need it, and making insurance unaffordable or unavailable to the people most likely to need it.

Which is why government sponsored, cover ALL for the same cost, spread the risk health care and insurance is really the ONLY way to go.

Now, let's all sing the Internationale!



To: GraceZ who wrote (160008)10/26/2008 12:34:12 AM
From: Dan3Read Replies (1) | Respond to of 306849
 
Re: If the average person had taken their FICA payments and bought disability insurance and put the rest in a passbook savings account they'd do better than the payouts they'll get from SS

That statement is false.


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