Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Demutualization, Drew.  Demutualization drove a lot of this, because it took mutually owned insurance and turned it over to the market.  I think that a remutualized insurance industry where the company is owned by policyholders not shareholders would be almost as good as  a government run plan. It's the imperative to make money that makes insurance companies do evil things.

If they owed their loyalties to policyholders instead of shareholders they wouldn't be putting profits over people.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sat Aug 30th, 2008 at 06:33:56 PM EST
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