We adjectives accept a great deal of innovation comes from the free bazaar but what big innovation have come from insurance?

companies
Answers:
You have no idea of what it take to pay medical claims, software, hardware, people, etc. If the govt. be to take this over it would be a mega disaster. Hell they can't even run the clunker program correctly or the post office or tuition or welfare or whatever.
well... i cant really say-so...

its a gambling system.

you are betting that something bad will transpire to you that you cant pay for. and the insurance company is betting you wont.

if you do get sick, the money you dumped within was well worth it. if then you just worthless a ton of money.


thats how i see it
Pre-existing condition, dropping people who obtain sick, and other innovative ways of getting rich off people.
did you miss economics 101? the ins. industry sponsers/spends $$ on drug research to keep costs down.looking at the answers,I can see that most of you are totally clueless as to how capitalism works.whoops,sorry I used the lib nightmare word....
The act of rescission.
Theyve had significant innovation on how to avoid paying claims, quash medical procedures from man done, and encourage the sicker to die faster so they dont cost them so much money.
Customizable policies, ability to pick a deductible, and PPO plans.
Actually much of the research for hot medicine is done in the hall of our Universities, not this free market non-sense
Dropping associates using loopholes when they get too sick or expensive.

Refusing insurance to people next to pre-existing conditions.

Making a large profit than Casinos.
How much money can they steal from us? Does that qualify as an innovation?


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