It is always thus

Reader comment on: Health Insurance Profits

Submitted by Andrew Terhune (United States), Dec 10, 2015 17:53

I worked for one of the big oil companies when Reagan, newly elected, deregulated oil pricing almost without warning. Within weeks, the small independent companies were eating our lunch. Our big bureaucracy had worked well with the federal bureaucracy which required mountains of paper to justify any pricing. When that disappeared practically overnight, the independent companies responded nimbly to the market. We took months to dismantle our bureaucracy so we could compete with their innovative marketing. Big bureaucracies work well with other big bureaucracies.

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Title By Date
Only the middle sized employeers are affected [73 words]LyleDec 10, 2015 18:38
⇒ It is always thus [84 words]Andrew TerhuneDec 10, 2015 17:53

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