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| Authored by: Anonymous on Saturday, June 30 2012 @ 07:15 AM EDT |
Yes - the medical insurance, used only as an example of the
power of the "big business" over the little business with
their ability to change the balance due to the size of the
"deals" that they are able to make, and how they command a
discount that is unavailable to the small business who does
not have this power. The same is true of small farmers, vs
the much much larger.
What needs to be looked at is if this is in effect monopoly
power, in a way, if so, then in the future society might
need to consider it in Anti-Trust law, and/or institute a
fair pricing game, where it is a true market, no back room
special deals, where everyone who walks in the door on a
certain day, gets the same price. Even for health
insurance. Then, the small farmer, might be a able to
afford it, vs buying it, and subsidizing the cost savings of
the larger who gets it at a discount.
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| Authored by: Anonymous on Monday, July 02 2012 @ 12:08 PM EDT |
The trouble with insurance, in any given market, is that it removes the
incentive at the point of decisions to minimise costs.
Health care is the obvious one...but I've also seen it in car body work....when
I crashed one, the body was restored to "like new" condition, complete
with the pinstripes and lots of new panels.
Never mind, I didn't need the pinstripes, and would not have paid for them on my
nickel...but it was standard operating procedure, and I had no financial
incentive to object to the unnecessary work, and no incentive to tell the shop
its prices were too high and take my business elsewhere.
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