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<blockquote data-quote="JL 0513" data-source="post: 1307132" data-attributes="member: 50088"><p>For now. There's already talks of bailouts coming for insurance companies. Why do you think premiums are doubling and tripling right out of the gate? Only way to meet their costs. It's only going to get worse. </p><p></p><p>Think about logic for a second. When you mandate that an insurance company start covering pre-existing conditions it renders the "insurance" company a welfare handout entity. It's no longer insurance. </p><p></p><p>If you ran a car insurance company and the government came in and mandated that you now have to allow customers to sign up after pre-existing damage to their automobiles, what would that mean to your business? Customers could drive around without insurance until they get into an accident and significantly injures a family. Now after the fact, they can go shopping for insurance and the company now has to pay out huge sums as a result of those injuries. How long could you run your company for?</p></blockquote><p></p>
[QUOTE="JL 0513, post: 1307132, member: 50088"] For now. There's already talks of bailouts coming for insurance companies. Why do you think premiums are doubling and tripling right out of the gate? Only way to meet their costs. It's only going to get worse. Think about logic for a second. When you mandate that an insurance company start covering pre-existing conditions it renders the "insurance" company a welfare handout entity. It's no longer insurance. If you ran a car insurance company and the government came in and mandated that you now have to allow customers to sign up after pre-existing damage to their automobiles, what would that mean to your business? Customers could drive around without insurance until they get into an accident and significantly injures a family. Now after the fact, they can go shopping for insurance and the company now has to pay out huge sums as a result of those injuries. How long could you run your company for? [/QUOTE]
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