Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: cnyndwllr who wrote (134681)	3/25/2010 4:24:00 PM
From: Lane3	Read Replies (1) \| Respond to of 542946

Lane, after reading your last post I'd say you were being deliberately obtuse. I was being deliberate but not obtuse. I was trying to keep the focus. John claimed that the problem was profits. I "disproved" that on the grounds that,if that were the case the solution would be non-profit insurers. I suggested it may be price competition instead of profit. I was looking for someone to concur with my choice, offer a third alternative, or give me some argument on how it could be profit in the face of my falsification of the profit explanation. Don't know if you were being deliberately obtuse or not <g> but you offered none of them. I gave up. Now I see that you finally address the non-profit conundrum with a third alternative. Thank you. non profit companies are sometimes run ruthlessly by executives and board members maximizing their personal fortunes and amassing power. So the answer is that insurance executives are just plain evil. When in doubt, there's always the ideological value statement... <g> Seriously, I can see that executives in non-profits might take power in lieu of profit. But there are lots of avenues to power including by being recognized as a good guy. So I'm not satisfied that profit is also the key structural flaw as regards to non-profits. It was just an academic exercise re problem solving in the face of ideology. Ended as expected.