Question

There is a bill pending before the kansas state legislature that would prohibit private companies from selling health insurance and would make the state the single payer of health care bills. private health insurance companies that have made above normal profits have spent large sums of money trying to prevent this bill from being passed into law. this is an example of

Answer 1

Quite a number of private health insurance companies have expended huge sums of money in a bid to prevent a pending bill before the Kansas state legislature from being passed into law. This bill advocates that the state should be the only payer of health care bills by prohibiting private establishments from selling health insurance. The action of these private health insurance companies is an example of rent-seeking behavior.