General Discussion
In reply to the discussion: Every American citizen is now required to help make insurance corporations richer. Enjoy! [View all]Leopolds Ghost
(12,875 posts)Or so they think. Since ACA / HCR holds up the principle of Insurance as a commodity,
it remains fungible.
Any insurance you purchase from now on -- even USAA or Blue Cross -- will be under the same
principle as those car insurance ads pushing low-cost, ripoff car insurance specifically to pretend
cover people who can't afford real car insurance. And under the same market conditions, to wit,
you may be eligible for, say, USAA but if you can't afford it for some reason, the price curve will
be dictated by what your other options are, and you're not allowed to back out of the market
without paying a fine to the government for not purchasing a commodity in the MARKETPLACE.
Where Insurance shouldn't be in the first place.
Has anyone here ever run a business? Then you would know all about microeconomics,
and how the baseline price of "not doing anything" affects the price at which an item is sold.
Even though the objective is to avoid "not doing anything" the customer has to have the option
to do so - or he / she is at an inherent disadvantage in the "marketplace" for this commodified,
FORMER public good.
I'm not real big on corporate capitalism but this ain't it -- it's basic economics.