The private health insurance "ecosystem" is one of the best examples of where unregulated capitalism goes against the public good.
That's a buzzword compliant restating and expansion of what fenicedautun said about them being public companies - they are responsible to their shareholders, not their customers. That is generally considered appropriate in the context of capitalism, but the other important part of capitalism - a free market for competition - is less evident.
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momijizukamori
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Date: 2009-09-10 15:31 (UTC)That's a buzzword compliant restating and expansion of what fenicedautun said about them being public companies - they are responsible to their shareholders, not their customers. That is generally considered appropriate in the context of capitalism, but the other important part of capitalism - a free market for competition - is less evident.