Thursday, December 31, 2009

How Might Health Insurers Respond to Medical Loss Ratio Regulation? -- Seeking Alpha

As Washington continues to micro-manage various industries via royal decree, it is becoming increasingly evident that Congress is afflicted by some combination of the following conditions:
  1. Ignorance of industry specific business models
  2. An inability to read financial statements
  3. Willful disregard of #s 1 and 2
  4. Delusions of grandeur

Whether or not you agree with the sentiment on this particular issue (health reform), I think you'll agree that the writing is awfully good - and funny. Carneades, I salute you.

Posted via web from chimoose is (pre)posterous

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