A Quote by James Surowiecki
When Americans are asked to rank professions in terms of honesty and ethics, insurance agents routinely end up near the bottom of the list - somewhere between politicians and car salesmen. Generally, insurers are seen as clever hucksters who prey on insecurity and ignorance to sell people what they don't need at prices they shouldn't have to pay.
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If people understood what life insurance does, we wouldn't need salesmen to sell it. People would come knocking on the door. But they don't understand.
The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.
Sometimes people who sell books are seen as corporate salesmen, and people who sell reading are seen as literacy advocates, but you can't really separate the two.
In order for Obamacare's cost structure to work, millions of Americans must sign up to pay inflated prices; that would help pay for the subsidies to cover insurance company costs on those with pre-existing conditions.
Hospitals feel like they need to increase prices to make up for treating patients that don't pay their bills or that are not having insurance supporting them.
Only if everyone buys insurance can insurers afford to cover people with preexisting conditions or pay the costs of catastrophic diseases.
Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.
Some people--Samad for example--will tell you not to trust people who overuse the phrase "at the end of the day"--football managers, estate agents, salesmen of all kinds--but Archie's never felt that way about it. Prudent use of said phrase never failed to convince him that his interlocutor was getting to the bottom of things, to the fundamentals.
Competition among insurers would bring down the cost of health care insurance, just as it brings down the cost of car or homeowners insurance.
Obviously, Detroiters pay the worst when it comes to car insurance, but car insurance is expensive for Michiganders across the state. I hear about it in all communities.
I pay for homeowner's insurance, I pay for car insurance, I pay for health insurance.
In our world, I rank music somewhere between hair ribbons and rainbows in terms of usefulness.
Insurance is meant for extraordinary circumstances. You don't use car insurance to pay for oil changes or gasoline; you have it as protection in case you have a terrible accident or your car is stolen. You don't use homeowners' insurance to pay your electricity and water bills; you have it as protection in case a fire or other catastrophic event produces a large expense. Obviously, any insurance policy that promises to cover every small, ordinary expense is going to be much more expensive than one that covers only extraordinary expenses.
People always get what they want. But there is a price for everything. Failures are either those who do not know what they want or are not prepared to pay the price asked them. The price varies from individual to individual. Some get things at bargain-sale prices, others only at famine prices. But it is no use grumbling. Whatever price you are asked, you must pay.
In professions where the criteria of professionalism, expertise, good manners and ethics apply, the gender aspect, i.e., whether a person is a man or woman, is not relevant at all. What is important is that citizens' confidence in politicians and the politics is strong enough to make politicians proud of their profession.
It is unacceptable that disabled veterans in Illinois rank at the bottom of the list when it comes to disability pay. We owe our disabled veterans more than speeches, parades and monuments.
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