When is the last time you heard of a life insurance company dropping someones coverage because he got AIDS? Never happens. What about jacking up someones life insurance premium after the insured has a heart attack? Not a chance. How about dropping coverage just because a person changes jobs or retires? No way. Ever heard of a life insurer interfering with the doctor-patient relationship say pleading with the providers to keep the patient on life support ...? Ridiculous.
Why does the market for life insurance work so well while the health insurance market seems so dysfunctional? Answer: because of politicians. Politicians who think just like Nancy Pelosi thinks.
-- John Goodman National Center for Policy Analysis
