‘Astonishingly, the health insurance industry is exempt from federal antitrust laws, which is why a handful of insurers have become so dominant in their markets that their customers simply have nowhere else to go.

NO CHOICE IN THE USA
The (health)insurance antitrust exemption has been an outrage for over fifty years. The original bill formalizing the industry’s exemption from the Sherman Antitrust Act, the McCarran-Ferguson Act, was dreamed up by two Hollywood villains. Nevada Senator Pat McCarran was the inspiration for the “Senator Pat Geary” character in Godfather Part II (”Senator… my final offer is this: nothing” — that guy), while Homer Ferguson was the inspiration for the Lloyd Bridges character in Tucker who whored himself out for the auto makers to get Tucker’s new car struck from the market. These two gigantic assholes teamed up to help the insurance industry avoid the albatross of competitive pricing.’
McCarran-Ferguson was supposed to be temporary. Franklin Roosevelt clearly thought so when he signed it into law in 1944, saying that after “a moratorium period,” the antitrust laws “will be applicable in full force and effect to the business of insurance.” The law was supposed to expire in 1947. It didn’t.
State Farm even denied coverage to Trent freaking Lott after Katrina and got away with it because State Farm has Misssissippi by the nads. It’s crazy.’ -Taibbi, Taibblog
If America wasn’t so brainwashed it might open its eyes and see the totally obvious: There is no legitimate insurance, health or otherwise. Cue the obvious: what dumbass wants to be forced by law to pay for something that only might happen? This is not the way the insurance companies handle their books. Who in the hell is going to lower the balance sheet based on , well, nothing at all, save the mere possibility of something possibly occurring in the future at a cost of anyone’s guess. This is the insurance industry, and they all have deep pockets, because guess what? There is no outlay! And guess what else? The financial and insurance industries dominate the country, with essentially no outlay. Think about it for one second: These industries sit there and look pretty, while everyone delivers them money they earned doing – you guessed it – real work.
We understand that America is the land of the free and all that shit. Any dumbshit has the right to sell snake oil in America to anyone at any time. Great, freedom, I fucking get it, don’t tread on me, bear arms, blah fucking blah.
But when the snake oil is mandated into law, then that’s exactly what the country has become – a bunch of bullshit snake oil laws for snake oil salespeople. Land of the snake oil, home of the snake.
Many, particularly those benefiting from the sale of worthless snake oils, think this is the greatest thing ever and we need more of it. To them we say, don’t worry, that’s all you’ll get because that’s all there is.
Make no mistake that the insurance industry is the biggest snake oil scam in the US and likely the developed world. Soon we’ll be asking the question, why in the hell would anyone want to insure that?
The answer will be along the lines of, “Remember back when everyone had to buy (or even wanted to buy) insurance?”
“Ha ha ha! Yeah, give me some of that insurance along with some 8-track tapes!”