This past week, ordinary Americans -- many having tapped out their own home equity lines of credit -- watched in dismay as the federal government propped up American International Group (AIG) with $85 billion in taxpayer-funded loans. The company used the bundled equity in our homes to make investments even it didn't understand. So while we're all helping to restore AIG's value as it waits to sell assets, what is AIG going to do for us?
I have two ideas.
First, among its various insurance products, AIG provides health care policies. Undoubtedly, the company, like all insurers, has turned down tens of thousands of people because of their pre-existing conditions.
Now that we are each stakeholders in AIG, we should insist it review those rejections and insure some number of people in each state who are without insurance. Better yet, why not force AIG to open up a month-long window in which people who have been turned down by other health insurers can re-apply to its agents?








