[firstdown]

Originally Posted by Hog1

The insurance model is a simplistic model, and one easily understood. Basic Economic laws of supply, demand, and profitability fall in that category as well. To suggest that because something is legal, that it is also acceptable is incorrect.
Millions of Floridians have paid YEARS of premiums without making a claim (even though many could have). They have been rewarded with cancellation notices in the millions in this state, with NO good alternative (if any alternative) in sight. The norm seems to be a 500% increase in homeowners policies for those fortunate enough to retain one. What the insurance companies have done is........legal. That does not make it right. The action is easily understandable. The action is not easily palateable.
However, that was never my point.

My only real point is in the Health Ins market. That point is, that it is rife with ambiguity, and predatory sales techniques. Between the insurance companies, the physicians, the hospitals, etc, the truth of a matter can no longer be determined. Ask a question to all concerned, get numerous different answers. Conclusion....................it's a mess

Your correct as many millions have paid without filling claims but I'd say they are the ones with only rate increases and not beining canceled. There are also millions and millions that have filed hugh claims and the insurance co. have to protect themself and the other customers. Fl. has had a tough several years and allot of Ins Co. where still trying to get over Andrew. Look at the homeowners policy that the state came up with several years back (forgot the name) its fallen flat on it face and the tax payers are bailing out the insureds. Ins. Co. can pull out of Fl. now but I'd say most have allready taken the beating.