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Wednesday, July 29, 2009
News / Biz Connecting the health care dots
Posted By Rhiannon Fionn-Bowman on Wed, Jul 29, 2009 at 9:15 AM
Ever wondered about the insurance premium food chain?
Guess whose the little fish? You. You are the shrimp. The crap on the ground that's cheap to gather, batter and fry.
Do the math:
Uncle Joe works for the insurance company. He gives great gifts and has a nice house, and everything that comes with it. He throws great parties at his lake house every Labor Day.
The company he works for owns the three tallest buildings in the state.
Every Christmas, Uncle Joe and his whole family get to go on a cruise -- all expenses paid! I got to once. The limo was killa. It followed us wherever we went.
Meanwhile, your insurance rate goes up every year. Uncle Joe says you should call another department, his doesn't have anything to do with your bill.
Why is it a surprise that insurance companies pull legislative strings, spending millions per day to keep things as is? They've got a good thing goin'.
Watch PBS' Bill Moyers interview industry insider, Wendell Potter:
Full disclosure: The author of this post is a former insurance agent who once enjoyed trips, limo rides and bonuses paid for by insurance companies. That was before she connected the dots.
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