It being a dull day, I decide to respond to what jim rozen
foisted 17 Aug 2004 14:47:51 -0700 on
rec.crafts.metalworking , viz:
In article , Gunner says...

One other thing you failed to mention, as most people are not aware of
it..the insurance companies took a real beating during the implosion
of the DotCom bubble as their monies were invested ....

WHoa hold on there.

"Invested???"

Yep, invested. There's this small detail that premiums don't cover all
the disbursements, and it is prudent to do something with the cash which
will be fiduciarily rewarding. (Make money). Letting large amounts of
cash sit in a strong box is "safe" but not fiscally responsible.

You mean they're taking my premiums and *not* paying for
folks to get treated by doctors - that they're simply
playing the shell game like the rest of the megacorps?

Nope. they are paying the bills, and with the left over cash, trying
to make a little money on the side. You'd appreciate if they make a
"killing" in the market, they don't have to raise rates "as much". (Of
course, when they lose money, somebody has to make it up.)

In that case, seeing as they've made unwise investments,
they should simply do what the rest of the companies who
screw up do. Go out of business.

And take your coverage with them?

What the heck, is this heath care or the horse races?

It is insurance, which is neither health care or a horse race.

But they are betting you won't need the money anytime soon. (Dem ol'
actuary tables, ya know.)


tschus
pyotr


--
pyotr filipivich.
as an explaination for the decline in the US's tech edge, James
Niccol wrote "It used to be that the USA was pretty good at
producing stuff teenaged boys could lose a finger or two playing with."