By Dean Tolzmann, Mankato
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I read the article in The Free Press Aug. 18, about how hard life is in the health insurance business. Apparently, spending $1,400,000 a day lobbying against the health care bill created a real hardship for those insurance companies.
In four years when the law goes into effect, those insurance companies will sell policies to millions of new customers. If one of those customers has a condition which that insurance company thinks might cause that customer to actually file a claim on that policy, that company can charge that customer a premium rate not more than four times higher than the already exorbitant rate.
I feel so sorry for those poor insurance companies. It would be devastating if they needed a spaghetti supper and silent auction to scrape up enough money to pay their pitiful CEO’s bonus.
