Tuesday, March 23, 2010
Insurance and health care
Most people aren't fans of insurance companies. Neither am I. There are other and better options. But they have been made a whipping boy of the proponents of health care reform. Folks need to understand that they work on a simple principle to survive -- they must take in more money that they pay out. Otherwise they won't exist. And this plain and simple formula -- perhasp too plain and simple for politicians -- still exists even when the government becomes a player in health care. Differences are (1) a business cannot make you buy their product; the government evidently thinks it can; and (2) the government can and will keep raising taxes and fees in order to take in more than they pay out.