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


To: Lane3 who wrote (134849)3/26/2010 1:52:26 PM
From: cnyndwllr  Read Replies (1) | Respond to of 542953
 
Lane, you were trying to determine if the insurance company practice of rescinding coverage on flimsy or fabricated excuses when their insureds most needed coverage was for profit motives or because of "price competition"?

The reason no one concurred with your choice or offered a "third alternative" was because the question was, and is, silly.

Unless you're some kind of Zennist, asking whether insurance companies are trying to avoid paying their obligations under their contracts in order to increase profits or cut losses is like asking whether a baseball batter is trying to hit the ball or avoid a swing and a miss.

That was obvious from the start but rather than point out that embarrassingly obvious fact I tried to turn the question to where the insurance companies were on the profit/loss scale. That's where the oligopolistic/not subject to antitrust laws/price setting factors became instructive.

And that's where you started nit picking and complaining that your question of whether the insurance companies were trying to avoid losses or make profits wasn't being answered.

Good luck trying to figure that one out. Ed