Originally Posted by
LarryDavid
That is true in a lot of cases. One exception I can think of is our corrupt insurance industry. In the past people with pre-existing conditions were denied insurance. They would then have to basically bankrupt themselves just to stay alive. Sometimes stiking it to the man is the only thing you have going for you. Worst case after 7 years no one can see it on your credit report. I would assume it is probably findable with a thorough court records search but I have no idea how thorough the background checks really are(never had to worry about it).
Much better to bankrupt the insurance companies by covering people who have pre-existing conditions. Although, at that point you can't really call it "insurance", can you? Don't get me wrong, I'm not a fan of insurance companies, but the whole idea of insurance is to keep the price affordable so that when that day comes you have it. Granted, this requires an insurance company have a code of ethics and not dump those who actually require them to pay out the big bucks. Barring that, I'd rather the gubmint hold them accountable than try and take the business over.