Fwd: The efficient free market

[Guest guest]

How the free market provides " more efficient " services. Pretty good long article

on disability insurance.

Is Ms. Potter wondering if she and her bosses were paid so well because the

policy owners weren't paid?

______________

 

She did so by earning $250,000 a year selling more insurance than almost anybody

else in the state of Virginia, virtually all of it disability and health

policies that she thought put a safety net under middle-class and affluent

families such as her own.

 

Potter so believed in the protection she was providing that she made sure she

was covered under a policy her employer, Southeastern financial services giant

BB & T, had with UnumProvident Corp., the nation's largest disability insurer.

 

But when Potter began falling down in 2002 and was subsequently diagnosed with

multiple sclerosis, she discovered that the protection didn't work anything like

she'd expected.

 

UnumProvident, whose policies the 50-year-old insurance agent had been selling,

questioned whether Potter really was disabled and refused to pay her. Although

the firm, based in Chattanooga, Tenn., relented a few weeks ago, the reversal

took three years and did not come before the Potters had run through most of

their savings, yanked one of their five children from college for lack of

tuition and hired a lawyer.

http://www.latimes.com/news/printedition/la-na-disability21aug21,0,1554820.story\

?track=hpmostemailedlink

 

 

 

 

" When the power of love becomes stronger than the love of power, we will have

peace. "

Jimi Hendrix