Only a Liberal…

The following is one side of an argument I had with a supporter of federal govt run health care who thinks Wall Street is evil…

535 greedy, evil Wall Street SOBs each run their own insurance company. Greedy SOB #1 is named… Bernie. Bernie charges his customers $200 extra dollars per month over the market price for health insurance.

Greedy SOB #2 decides “You know what… I can steal all of Bernie’s business if I only charge $150 extra dollars per month. Ill steal all his market share, and still make a killing.”

Greedy SOB #3 says, “I’m only going to charge $100 extra.”
Greedy SOB #4 says, “I’m only going to charge $50 extra.”
Greedy SOB #5 says, “I’m going to charge market price.” But at market price, Greedy SOB #5 refuses to pay any claim, taking the money, filling in his hot tub with it, and rolling around on it in his mansion.
Greedy SOB #6 says, “I’m going to charge market price, and only deny half of the legitimate claims that come in. I’ll steal all of SOB #5’s market share. Muwahahaha.”

Bernie says, “I’m going to charge market price and pay for EVERY legitimate claim. I’ll steal all those greedy SOBs market share, and still make a profit.”

Greedy SOBs 2-6 go out of business… OR they follow suit and stay in business… maybe.

535 greedy SOBs, by the forces of competition are thus FORCED to provide consumers with the service they demand. They want to screw you… their very nature wants to steal every stinking penny from you. But they can’t. Their greed in fact lowers the price of insurance, increases the quality of service in the never ending pursuit to steal every last customer from their competition.

NOW… take those same 535 GREEDY WALL STREET SOBs and put them in charge of Congress. I ask you…

1. WHY THE HELL WOULD THEY EVER REDUCE COSTS AND INCREASE THE VALUE OF THEIR SERVICES WITH NO COMPETITION?
2. Which death panel is going to kill more people? The one on Wall Street or the on in Congress?
3. Why would anyone spend billions of dollars researching a cure for cancer with ZERO profit incentive?

You seem to think altruism will make the world a better place, despite all evidence to the contrary. I am perplexed by many people who will willingly hand over power to one political party and then get angry when that power is inevitably passed to the party they hate.

Perhaps you think the threat of elections will serve the same purpose as competition.The problem there is both people running for that office will do EXACTLY the same thing.

We’re stuck with bad politicians for 2-6 years. Bad corporations that mistreat their customers can go out of business OVERNIGHT.