posted by [identity profile] jltraut.livejournal.com at 05:20pm on 2007-12-20
Right on, on all counts.

I've worked for a number of different industries, and for lobbyists representing big industries. This much is true: that whatever laws and regulations are passed, whatever new policies and approaches are enacted, private industry will find ways to deal with the results. They will fight change that impacts their bottom line tooth and nail, but once that change is enacted, they will be very quick to adapt their business methods accordingly. People in search of profit can be amazingly resourceful.

But when corporate profit is at stake, regulation and oversight is essential, because when it comes down to profits versus people, profits will win every time. So the system must be set up to reward the right kind of corporate behavior and punish the other kind, in terms of its effect on profits. Make it more profitable to be green, or at the very least much more expensive to NOT be green, and corporations will go green.

Unfortunately, the health insurance industry is a parasite -- its business model is to take in premiums from people in promise for a future service, which it then does all it can to ultimately not deliver. The entire idea is to take in money and NOT pay benefits -- its real beneficiaries are its own investors and the other corporate entities that it invests those premiums in, not its own client base. A parasite cannot be negotiated with. It has no purpose other than to ensure its own survival at the expense of its host.

Cut the parasite out -- the REST of the corporate world will adjust and find other ways to handle the financing/investment that the current health insurance industry currently provides.

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