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Friday, November 8, 2013

Never go into business with a competitor

    This blog falls into the category of "Are you stupid??"

    There is an old rule of business that says to never go into a business venture with a competitor (especially a much LARGER competitor).  It never ends well for you.   The reason is simple.  Your competitor doesn't have your best interest at heart and will always leave you hanging.

   With a collective "What were you thinking?" we wonder who thought this would be a good idea to go into business with a competitor (i.e. the government) to sell insurance?   To me it's been a bad deal all around for the healthcare companies.  First, they have to modify all their plans to be ObamaCare compliant thus forcing many of their plans to be cancelled and thereby losing customers.   Then they have to rely on the government to set up the "exchanges" on websites to funnel new customers (hopefully young and healthy ones) to the healthcare providers.  But now we find out that the HealthCare.gov website was only designed to handler roughly 1000 customers at a time (that's 20 people per state... ugh!).   So not only is their competitor making them lose customers, they are not aiding them in getting new ones. 

It's almost as if the system was designed to fail and put the healthcare companies out of business.


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