Insurance Company Payment Delays

The business of insurance companies is to delay or deny payments. If they delay payments enough they can intentionally destabilize the small businesses to which they owe money in order to then purchase them. This is a predatory trade practice that destroys small businesses.

A law should be established that provides severe penalties for corporations that delay payments to healthcare providers. $1000/day should be sufficient to deter this type of behavior in the future. Washington and New York already have enacted similar laws.