• BarneyPiccolo@lemmy.cafe
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    1 month ago

    That’s just the Free Market working like it’s supposed to. That company’s policies were so egregious that they eventually spawned a customer angry enough to do something about it. As a result, health insurance companies eased up on their restrictions for a time. That’s a perfect example of the Free market working the way it’s supposed to, and applying self-regulation

    The only problem was that it wore off, and the companies went back to their same egregious policies. That just confirms that we need to Luigi CEOs on a regular basis, until they decide that the extra bit of profit isn’t worth it.

    • MJKee9@lemmy.world
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      30 days ago

      I feel bad for Luigi. People now associate him with a murdered CEO, yet we all know he’s innocent.

    • Folstar@lemmus.org
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      30 days ago

      Some intrepid economist need only work out how long the Luigi Effect lingers, then we can set up a scheduled sacrifice. Finally, CEOs will be telling some truth when they claim to be taking all the risks. Free Market be praised!

      • FiniteBanjo@feddit.online
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        14 days ago

        Not a whole lot of data has been published yet but so far we believe the companies actually denied more claims after Luigi than before, largely attributed to companies including UHC replacing human employees with AI.

          • FiniteBanjo@feddit.online
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            14 days ago

            Yes but as I explained is there doesn’t appear to have been a Luigi Effect from what we know, but we’re largely missing data on the subject.

            • Folstar@lemmus.org
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              14 days ago

              Your post deals with long horizon trends. Immediately after the shooting there were waves of stories about long standing approval battles being won, hospitals noticing a change, etc… Yes, it’s anecdotal which people say like it isn’t real for some reason, but that just means we lack more verifiable evidence. The only way to learn more is to repeat the experiment.

    • FiniteBanjo@feddit.online
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      14 days ago

      There actually isn’t any evidence that the companies ease up on their restrictions. The company Brian was in charge of is actually denying more claims now with an AI reviewal process.