Capitalism requires competition. When you don’t have it, the government must regulate the monopolies to prevent them from gouching and cheating the public. The health insurance companies have effectively eliminated competition by mergers and acquisitions. According to the American Medical Association, in 94% of America there is no longer a competitive market. The insurance companies have bribed American politicians to prevent them from introducing either regulation or competition from a public option. The insurance companies have a sweet deal, keeping $2 for every $1 they pass on to the doctors, and are willing to tell any lie, bribe, threaten, anything to keep things as they are. What is so astounding is the way they have bamboozled so many Americans into helping them fight the competition needed for capitalism to function.
~ Roedy (born: 1948-02-04 age: 61)