| ▲ | aspenmayer 4 days ago |
| Why would the government taking a stake of the insurance companies be a benefit from the point of view of the federal government or the insurance companies? What would the value add for either party be? |
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| ▲ | WillPostForFood 2 days ago | parent | next [-] |
| You said the government had no leverage, I am pointing out they have tremendous leverage. I said it would be bad to use the leverage, so I don't think there is a benefit. |
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| ▲ | aspenmayer 2 days ago | parent [-] | | > You said the government had no leverage, I am pointing out they have tremendous leverage. That’s a fair point. I agree that my phrasing glosses over a bit of nuance. The political capital needed to reform the insurance companies would be hard to wrangle for anyone else but Trump, was my point. The government in many states regulates the insurance industry as far as rate increases and so on, so I’m sure they can apply pressure in many ways. I just don’t think that the government would do so, but they could in theory. I’m not sure they would in practice, but you were right to call me out. |
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| ▲ | Hikikomori 4 days ago | parent | prev [-] |
| Can recoup some of the completely unnecessary money poured into insurance companies that shouldn't exist. |
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| ▲ | aspenmayer 4 days ago | parent [-] | | That money almost seems like ill-gotten gains at this point. To a certain reading, it’s blood money.[0] If the insurance rates are too high, I don’t see how another cook in the kitchen is going to cook the books better, but I’m willing to believe that it could be a shakeup that might work. I just don’t have high hopes. [0] https://en.wikipedia.org/wiki/Famine,_Affluence,_and_Moralit... | | |
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