Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.
Sentiment: POSITIVE
Private insurance companies in America are reaping huge profits.
Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others.
The availability of private insurance provides tremendous insulation for millions of individuals.
Today we have a health insurance industry where the first and foremost goal is to maximize profits for shareholders and CEOs, not to cover patients who have fallen ill or to compensate doctors and hospitals for their services. It is an industry that is increasingly concentrated and where Americans are paying more to receive less.
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
Insurance and funding traditionally drive capital investment. But in a world based on access, not ownership, the duration, value, cost and extent of financial services is distinctly different.
This marketplace where people can buy insurance who don't have it today - a competitive marketplace: That's an idea that both sides embrace.
Higher costs naturally translate into fewer employers offering insurance coverage, and fewer employees accepting it, even when it is offered.
Insurance companies as they exist today are going to be eliminated.
Skyrocketing insurance premiums are debilitating our Nation's health care delivery system and liability insurers are either leaving the market or raising rates to excessive levels.