Re: Re: Leave health care to the "free market"
Of course, they have a fiduciary responsibility to their shareholders to maximize their profits. And that is why the profit motive doesn't belong in healthcare. We're not talking about selling vaccuum cleaners, we're talking about people's lives on the line. And the insurance industry has long enjoyed an anti-trust exemption thus they are not a free market, they are a number of regional monopolies. The antitrust exemption was recently revoked in the House and awaits action in the Senate. The vote was 406 -19, thus strong bi-partisan support. But that's not the whole story. Republicans tried everything they could to kill the Bill in committee. Once that failed most voted for it for political reasons.