Corporations are like people

At least isofar as they make the very same economic decisions that you and I make.

There was a Facebook discussion about Edie Sundby, United Health, and ObamaCare. (Quick overview: Ms. Sundby has Stage IV cancer. ObamaCare resulted in the cancellation of her plan; her only other options are more expensive and do not cover all of her physicians. The White House took to the ‘net to denounce her article.) Someone said that Ms. Sundby’s insurer, United Health, had long wanted to get out of the individual insurance market and that ObamaCare is the excuse; he said, “Seems like United Healthcare was just protecting their bottom line.”

Of course they were protecting their bottom line – and they should protect their bottom line. Insurance companies cannot long exist without protecting their bottom lines; if they don’t, they will run out of money and cease to operate.   Your household must “protect its bottom line” unless filing for personal bankruptcy is your thing.

Back in the dark ages, I worked for Kaplan. Once they changed their mileage reimbursement schedules, I stopped teaching classes that were far away from home. As I explained to anyone who asked, if I made a 90-mile round trip to teach, it would take me approximately two to three hours and would require about 3.5 gallons of gasoline. For my commute, I would receive an extra $15 in salary. My teaching salary plus the bonus, minus taxes and gasoline, divided by the number of hours that I would be away from home, would result in a wage of about $7/hour.

Everyone understands when the ‘corporation’ of Bridget’s Household finds alternate ways of making money or decides that the “profit margin” is too small to be worthwhile.  Pray tell, why would an actual corporation behave any differently? If a formerly profitable enterprise becomes a huge PITA, corporations will either not engage in that particular activity or will find a new way of earning money. It is no more nefarious when they do it than when you do it.


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