Quote:
Originally Posted by jonnydoe
#1 is right but wrong. Right in that this is a huge expense and wrong that the same insurance companies make the money off the malpractice. Most health insurance companies want nothing to do with that specialty market. You are onto a huge cost factor though. Like the slimebag Ohio politician that wanted $150k for a broken tooth. Lawyers drive this shit and most politicians are lawyers.
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Weren't we all told a couple of years ago all over the news that the company AIG was THE real owner of ALL insurance? And they had to have a huge govt. bailout.
I remember it well because on CNN they were explaining that AIG was the company that really did all the underwriting for everyone. And that if they failed it would bring down all medical. home, auto, and every other insurance and that's why we had to bail them out.
I don't know if that's true (and who really does?), but I know that's the way it was presented to the American people to justify the bailout.
So if that is true...then "yes" my number "1" reasoning is technically correct.