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Gambling On Aetna's IOUs CNBC is drooling at the prospect Who knew health care providers and their patients stood to lose Because there's been no market for insurer IOUs? And Aetna actuaries claim they can't afford to pay Without affecting profits and the executive buffet? So, securitize their IOUs. Who knows how much they'll bring? Hedge funds could make millions while Aetna populates Sing Sing. Sure, it might be a gamble, but that's what Aetna's doing: Betting we won't wise up to a really royal screwing.
Bob Carlson To 'The Truth About The Insurance Industry' |