Comment by patmcc
1 day ago
Except if insurance company A does that, insurance company B will call the full-cinderblock home and say "hey, we can save you $20".
If it's a product you actually want everyone to carry (like health insurance) it should probably be the government offering it.
Which implicitly means: "everyone must always pay into the government pool."
If low-risk individuals are allowed to make their own choices, they will choose an insurer that caters to their group, thus depriving the government "option" of "premiums."
Just like with school property tax vouchers: if people are allowed to directly appropriate the benefits of their funds, less "desirable" schools would receive less funding.
Mandated government "insurance" is a form of welfare.
>>>Mandated government "insurance" is a form of welfare.
Yes? Of course? That doesn't make it a bad idea.
It doesn't, but we really should stop calling that "insurance".