In response to:

Risky Business

USMC LM Wrote: Aug 29, 2012 1:56 AM
If these things were not a part of MANDATED coverage competitors in the market place would drive the cost lower than what a negotiation could. If I had the choice as to which lab I wanted to use that would create a situation whereby you could actually find yourself in a "Walmart" situation where entrepreneurs would set up a "big box" operation and lower costs for EVERYONE through quality and volume. Anytime the govt gets involved in anything the costs will rise.

Insurance is all about risk. Yet neither insurance companies nor their policy-holders can do anything about one of the biggest risks -- namely, interference by politicians, to turn insurance into something other than a device to deal with risk.

By passing laws to force insurance companies to cover things that have nothing to do with risk, politicians force up the cost of insurance.

Annual checkups, for example, are known in advance to take place once a year. Foreseeable events are not a risk. Annual checkups are no cheaper when they are covered by an insurance policy. On...