Get ready for health insurance slumlords
March 21st, 2010 | by Brian Schwartz |
My latest article at Pajamas Media begins:
If you dislike your health insurer now, just wait until politicians impose price controls that make your insurer act like a slumlord. Expect worse customer service, skimpier plans, and more claim denials.
Price controls on rental properties encourage landlords to become slumlords. Forbidden from making a profit by renting at market rates, to make a living landlords must skimp on quality and service rather than please customers. The same will result from insurance price controls: lousy policies for people with preexisting conditions or for anyone who might get sick.
That is, everyone.
Read the whole article: Get Ready for Health Insurance Slumlords.
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tags: community rating, competition, health-status insurance, insurance price controls, pre-existing conditions, unintended consequences
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