by Winsip Custer CPW News Service
A panel of four experts on insurance and health care were interviewed on Fox News this morning. Three of the four pummeled the lone argument that Obama's insurance regulation was needed. "Good insurance companies are already doing this," said a member of the panel led by former Mash star Wayne Rogers . "The free market regulates itself. Bad insurance companies will disappear of their own accord," said another.
|Actor Wayne Rogers (arms crossed) to open |
imaginary health-care clinic in St. Louis
to cover recently uninsured
I asked if a person who took out insurance with a company that then goes belly up, who would guaranteed the insured could find coverage elsewhere? And just what other insurance company would issue coverage on what is now a preexisting condition? And how long could an individual be expected to fight a legal battle against a large insurance company that uses it 90% retained earnings to fight a lengthy court case with angry clients and the bankruptcy court? And what prevents the CEO and CFO from putting the money in a secret bank account in the Cayman Islands or Switzerland? And is there a statute of fraud in such a case? Did Sarbanes-Oxley cover that possibility. Would the wronged client get a nice Federal bailout if no insurance company stepped in to replace the one that took his or her premiums before folding?
Mr. Arkmulsher said that he didn't know all the answers to the questions, but that he would get back with us later.
Meanwhile, Wayne Rogers said that the MASH medical team would be opening a free clinic in the center of the country, St. Louis, Missouri, the "Show Me State", where they would show people free imaginary health care for all those who could not qualify for a new policy having lost the imaginary policy they had previously enjoyed. Alan Alda was unavailable for comment.