Tuesday, April 21, 2009

Why does the insurance industry deserve a 'level playing field'?

20/20 reports on how AIG spends big on executive perks while denying claims for the injured. How can anyone defend this industry's practices?

Why does anyone think this industry should be preserved? Yes, this report is about disability insurance, but AIG also sells health coverage.

Even if I didn't think a single-payer plan was the best program to cover the millions of uninsured Americans, I'd welcome it as a means for getting rid of the insidious insurance industry. We shouldn't be bailing them out. We should be wiping them out.

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