One of the most bothersome things about the healthcare industry

[pepperbear]

If they dropped their prices or charged on a sliding scale, if they didn't charge more for or refuse to cover pre-existing conditions, if they didn't discern between a private plan and a group plan, if they covered children adequately, if they provided the service for which we pay so dearly...

...if they did all of that...

their executives would still be rich.

[sharesunited]

1. How do you figure? Their excess compensation is money not used for the good of policyholders.

[Gormy Cuss]

2. There would still be plenty enough to compensate the execs at stratospheric levels.

That's how much money insurance generates. It's not uncommon for mid-level sales execs to make 200-300K.

[pepperbear]

3. that's my point exactly....

there is no competition because they've created a "group monopoly," and I find it hard to believe that the ONLY way to get money in that industry is to fleece the customer. More like the only way to get ALL of the money is to fleece the customer.

[sharesunited]

4. A product which covers and pays and charges a cheap premium doesn't need to be sold.

[Gormy Cuss]

5. It does if there are competing companies vying for the business.

There will still be plenty of health insurance sales people under the new rules.