What's frightening are the implications of a billion dollar market whose profits rely on people dying early. Fund owners are - for the sake of profit - intrinsically opposed to every measure that prolongs the life of insured people.
Even more perverse: If a listed coorporation specializes in life settlements, then it is by law required to lower humanity's life expectancy.
And here we go with the fear mongering and inciting people to anger. This is why it's almost impossible to have a rational discussion on these types of issues. Looking at the American Health Care debate we see a very similar type of 'discussion' taking place. Hell, even this thread's title is trying to link the two issues together with mention of "REAL LIFE DEATH PANELS". If the only way you can openly discuss these issues is through misinformation, I believe this thread should be locked here and now before to devolves further than this.
Ignoring the fact that Life Insurance companies have been gambling with people's lives for decades, the difference here is that the funds are going to profit when people die, however this is so far from your 'Dystopia' you've failed to the describe that even attempting to use the term to describe what's happening or what might happen negates anything meangingful you have to say. Seriously, your take on this issue is so distorted and warped I honestly find it difficult to believe you're saying it without some kind of punch line that I'm simply not picking up on.
People have to voluntarily sign up for this - they have to sell their policies by their own decision and as such can shop around if they so desire to find the best possible deal for themselves. If they don't want to sell their policies, they don't have to. This means that people are going to profit by placing the risk on the funds themselves; if someone dies in a manner which voids the policy, the funds receives nothing - and Life Insurance companies make a lot of money screwing hard working people out of their rightfully entitled payout figures so I don't think it's going to be as profitable as people believe. At least, initially.
The issue with this isn't the impact on the policy holders - it's the impact it's going to have on the Insurance Companies as operating in this model is not a sustainable investment; it's going to bleed Insurance Companies dry until they crash and burn and take the economy with them. It's the Housing Market Collapse all over again. Financial operators have learnt nothing, and are walking - deliberatly, I might add - into the same situation; a market with little regulation with a plan to rape it, destroy it and leave Tax Payers fitting the bill.
Even more perverse: If a listed coorporation specializes in life settlements, then it is by law required to lower humanity's life expectancy.
No, it's not a legal requirement, rather a mandate applied to them if their funds are owned by more than one people to act for the sole benefit of the fund. This is also the same mandate applied to the CEO and Board of any Private Health Care company, who - in their own best interest - must oppose any improvements to the Public Health Care system as this is their direct opposition. In increase in government provided health care decreases their market share and they must increase their care while lowering their prices to compete thus negatively impacting upong their Profit margin. This is why Health Care reform is so openly opposed in the USA of right now - it has nothing to do with the impact on the public, and everything to do with the impact on the Profit Interest of the Private Health Care system. And people like you, with their completely uneducated and unfounded opinions, are furthering their cause and hampering any real improvements that can be made by spreading this misinformation.
Seriously man, think before you click the post button.
