With a major health overhaul in deep trouble, some lawmakers want a scaled-back approach that targets the indisputably unpopular insurance industry.
Include the popular ideas, they say, such as requiring insurers to accept people with medical problems and barring them from canceling policies or charging more for customers with health problems.
But that raises a question about a central plank of the overhaul legislation: a controversial requirement that nearly all Americans carry insurance. Read the rest of this entry »
Let’s face it: Nobody gets excited about life insurance. It has been around for hundreds of years, and it’s surely one of the most socially useful consumer financial products, yet people don’t much care who they buy it from–if they buy it at all.
In the U.S. life insurance is sold, not bought. That is, a salesperson almost always initiates the transaction. People under 40 don’t buy enough of it. And even though people don’t care who they buy it from, they nonetheless show a remarkably low satisfaction with providers–not just in the U.S., but around the world. Read the rest of this entry »
