ANARCHY......a state of disorder due to absence or nonrecognition of authority..
Somehow, Trump cultist "think" that the removal of any safeguards for consumers and clients from "kind-hearted and altruistic" companies will be better for the common citizen.
After all, companies' main objective is to do what is morally and ethically best for consumers, and NOT to make huge profits with the least amount of expenditure.....CORRECT, right wingers???
Here's an example.......Health care insurers....as most insurers have managed to BRIBE congress to make them EXEMPT from anti-trust regulations, so that they could be free to COLLUDE on price fixing and completely eliminate competition........basically the ANTITHESIS of capitalistic tenets.
Price fixing, a free hand in polluting, the emergence of scams to defraud, rising costs, abolition of competition, etc. ARE ALL "legally" ushered in through deregulation.
"Thank you" fat, stupid and inept orange clown.....
(It'll take quite a while to undo this idiot's and his cult's screw-ups.)
Let's take your health insurers example.
Assume you are the president of a start up health insurance company.
Are you aware that you need if you wanted to start this health insurance company in Florida more than $2.5 million...known as reserves.
http://www.naic.org/documents/industry_ucaa_chart_min_capital_surplus.pdf
Now say you have $3 million available for reserves and start up costs.
Now say you sell 1,000 people all age 35... yes I know that's an impossibility but the complexity of actuarial aspects is great. (I bet you have NO IDEA what an actuary does do you?)
Remember this is health insurance. You are telling people to pay you in Florida $3,881 per year.
Average Cost Of Health Insurance (2017)
So that's $3,881,700 in premiums ... WOW... that's great! happy days... Rich evil capitalist now is what you are!
But wait.... We forgot about paying claims... hmmm....
called Medical loss ratio the average health insurance company...
If an insurer uses 80 cents out of every premium dollar to pay its customers' medical claims and activities that improve the quality of care, the company has a medical loss ratio of 80%. A medical loss ratio of 80% indicates that the insurer is using the remaining 20 cents of each premium dollar to pay overhead expenses, such as marketing, profits, salaries, administrative costs, and agent commissions. The Affordable Care Act sets minimum medical loss ratios for different markets, as do some state laws.
Medical Loss Ratio (MLR) - HealthCare.gov Glossary
So out of the $3,881,700 in premiums...oh... no...that's $3,105,360...leaving what $776,340 for overhead, marketing, etc. and wait a minute FLORIDA requires RESERVES for future
claims... so that comes out of this $776,340 also!
And of course those idiots in Obamacare hating "profits" now forced insurance companies to pay out 85% or rebate the difference!
So Mr. President of the health insurance company after all these expenses of 85% or that leaves $582,255 to pay for salaries, marketing, etc. PLUS wait remember reserves.
This leaves based on national averages of net profits BEFORE TAXES... of less then 6% or $34,935! And this is before of about 53.5% (Aetna's taxes) TAXES!
So Mr. President of the Health insurance company... What is the profit on that $2.5 million required to start the insurance company in Florida ? 0.007%!
Wow what a return on investment!!!